Sucofindo Sets Income Target At Rp2.44 Trillion in 2013

Jakarta, Jan 11 (ANTARA) - State surveyor company PT Sucofindo said it has set income target at Rp2.44 trillion this year or an increase of 62.66 percent from last year`s estimated income of Rp1.5 trillion. "The target is expected to be reached as a result of reformulation and transformation of business," company`s president Arif Safari said here on Friday. The transformation program includes creation of culture of high performance, prime operational excellence, optimization of innovation and scientific management and maintenance of services to sustain performance improvement. "This year there are 39 projects under Sucofindo initiatives based on the business transformation program," Arif said. Through the transformation program, Sucofindo hopes to chalk up Rp123.3 billion in after tax profit this year, up from Rp28.8 billion in 2012. Arif said Sucofindo has five types of service -- inspection and audit, examination and analysis, certification, training and consultancy. Sucofindo offers inspection service for quality of products including agricultural, forestry, sea and fishery products, processed foods, industrial products, oil and gas and consumer goods. The largest income of the company is from its portfolio in the service of ICMS (integrated coal and mineral services) which accounts for 27 percent of its total income. Under its business reformulation program, Sucofindo has invested in laboratory of Coal Bed Methane (CBM) Gas Desorption and Analysis since September 2012. Currently Sucofindo, which has branches in 33 locations, 52 laboratories and 90 service points all over the country, has a 20% share of the market of certification and examination services in the country, Arif said. He said in 2013, Sucofindo will set aside Rp120 billion for capital expenditure to be used to replace equipment or examination machine and laboratory equipment in a number of locations.