Jakarta - PT Yanaprima Hastapersada Tbk (YPAS) has only absorbed or capital expenditure of 40% of this year's allocation of Rp7 billion.

In the Indonesia Stock Exchange (IDX) information disclosure, YPAS management said that the company allocated the capex to replace old or refurbish machines.

"Machine rejuvenation will spur efficiency and improve product quality, so that it can increase profits," said Management on Wednesday (29/9).

With this capex absorption, the company targets sales of Rp315 billion, with a profit of Rp5 billion. The company also targets to expand its market share in the feed, flour, and sugar segments. However, this segment is still running in less stable conditions than it is today.

"The company remains optimistic because plastic packaging is still needed in several feed industries such as rice, flour and sugar," he explained.

As of semester I-2021, YPAS posted net sales of Rp166.7 billi