AISA allocates Rp588b for capex in 2013 to finance acquisition in 2013

Tiga Pilar Food (AISA)'s management stated that the company targets 66.7% sales growth for next year to around Rp5.1t driven by higher sales from rice, foods and CPO that are expected to reach  Rp2.5t, Rp2t and Rp225b, respectively. In snack food segment, AISA will boost further Taro which is expected to reach Rp430b revenue in 2013. The company will develop more products next year including new corn noodle that is produced by its subsidiary Subafood. AISA allocates Rp588b for capex in 2013 to finance acquisition in 2013. (Kontan)

Regard

Ghinie

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