Gajah Tunggal allocated US$55 million for expansion

PT Gajah Tunggal Tbk will allocate some US$55 million or IDR506 billion to expand the corporate business this year and to boost up the production.
Director of Gajah Tunggal Catharina Widjaja said the company targeted to have revenue growth this year by 20 percent than that of last year from the fund.
The net sales of the company in the quarter I/2008 are IDR1.85 trillion, rose by 20 percent as from the IDR1.53 trillion sales in the same period last year.
Gajah Tunggal profit stands at IDR192.34 billion as from the 161.85 billion profit in 2007.