| Catur Sentosa Invests IDR 150 billion for new outlets |
| PT Catur Sentosa Adiprana Tbk invests IDR 100 billion – IDR 150 billion to build four new outlets of Mitra10 next year. The new outlets are expected to speed the growth of company’s retail business. “We have prepared the land, but the construction will be started next year”, said the director of Catur Sentosa, Idrus H Widjajakusuma. Idrus said that the new four Mitra10 outlets will be built in the city of Java and Sulawesi. The additional outlets are an anticipation to the demand increase of building materials since the global economy has shown recovery signal. Idrus added that about 70% of investments will be used bank loans and the rest is from internal cash. Until March 2009, Catur Sentosa cash position was IDR 28.46 billion. The company targets to open four Mitra10 outlets and two distribution branches. So total outlets will be 29 units and total distribution branches will be 34 units in 2010. The additional new outlets and branches is expected to increase Catur Sentosa’s revenue to IDR 3,58 trillion. The company has a IDR 725 billion contract from PT Arwana Citramulia Tbk (ARNA) to distribute 29 million m3of ceramics. The contract is expected to help the company to achieve IDR 3.41 trillion of revenue and IDR 75.9 billion of net income. Source: Investor Daily, July 13, 2009 |

