Eterindo sales jump 284%

Listed chemical company and the first major producer of biodisel, PT Eterindo Wahanatama Tbk reported 284% growth in sales revenue in 2005 at Rp407.44 billion.

According to its behind the schedule publication of 2005 financial report, Eterindo recorded lower operating profit at a mere Rp722 million. But the company managed to book net loss of Rp2 billion, dropped significantly from Rp38 billion in 2004.
Eterindo started to supply biodiesel to state-owned oil and gas company Pertamina few weeks ago. The company produces 60 tones/day of biodiesel and is working on expansion to bring the capacity to 200,000 tones per year.
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