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CP Prima Shrimp Output Recovering After Virus
May 21, 2010

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Struggling shrimp producer PT Central Proteinaprima, whose farms were devastated by a virus last year, said on Friday that production was improving. Speaking after the company’s annual meeting, CP Prima director Mahar Sembiring said additional improvements in production efficiency would help the company improve its bottom line this year from 2009’s Rp 217.7 billion ($23.5 million) loss.

Mahar said average productivity by the end of 2009 had improved to 4.8 tons of shrimp per hectare, compared with only 3.4 tons early last year.

In December, CP Prima defaulted on $17.8 million in interest payments on bonds issued by its subsidiary PT Blue Ocean Resources. Mahar said the company was in a standstill agreement with bondholders until June 28. 

JG




  • 11:55am | Indonesia ‘Most Tolerant Count...
    @cattlecarnage - actually JG runs the very same article on this site: http://www.thejakartaglobe.com/commentary/ask-atheists-christians-shii
  • 11:54am | Indonesia ‘Most Tolerant Count...
    With a full 17 pages of comments criticising and denouncing this idiotic minister, when will he be thrown out of office. Simple - when SBY s
  • 11:44am | With Corby Clemency, Indonesia...
    two days ago they said the opposite
  • 11:41am | Indonesia ‘Most Tolerant Count...
    Further more, the president and the vide attending the ceremony doesn't mean that the tolerance in Indonesia are improving. As a matter of fact, t
  • 11:40am | Indonesia ‘Most Tolerant Count...
    The minorities not only need govt presence when they are celebrating, they need it more when they are in peril. Geez... How stupid he thinks
  • 11:39am | Indonesia ‘Most Tolerant Count...
    this man is delusional and likely to be blind or deaf. Now we should pay the tax so that this delusional can go to mental hospital..
  • 11:38am | Indonesia ‘Most Tolerant Count...
    The minorities not only need govt presence when they are celebrating, they need it more when they are in peril. Geez... How stupid he thinks
  • 11:35am | With Corby Clemency, Indonesia...
    @Cattlecarnage "Why does Indonesia believe you have to receive something in order to give? Why cant you give purely because its the right t