Capex 2009 MDRN only Rp 15 billion

JAKARTA, TUESDAY - Crisis make PT Modern International Tbk (MDRN) holding ekspansinya next year. The owners of franchise outlets service prints Fuji Film is decided to provide capital expenditure (capex) or capital in 2009 only a maximum of Rp 15 billion.

In fact, in previous years, capex emiten berkode share this MDRN value of Rp 30 billion. Finance Director MDRN Donny Sutanto, said the trimming was done because the effects of the condition of financial crisis at this time. "If the conditions like this, we should be more conservative," he said.

According to the plan, capex is derived entirely from internal funds will digelontorkan children to business, the PT Modern Putra Indonesia. The fund is intended for the addition of 25 new outlets and the rejuvenation and renovation outlets long. Details, Rp 10 billion will be used for the addition of 25 new outlets and Rp 5 billion was used to renovate outlets following rejuvenation.

For information, throughout this year, has been successfully MDRN add new outlets as much as 15 units. However, the number is still far from target to target the MDRN at the beginning of the year some 50 outlets. "This year we were forced to close 15 outlets due to its location is not good," said Donny. Now, the overall total, MDRN has about 125 outlets.

Donny added, sales MDRN until the end of the year 2008 is estimated to have decreased as much as 30 percent-40 percent. Meanwhile, to return bersihnya predicted terkikis will be 10 percent when compared to last year. In addition to the global financial crisis as a result, digital technology has also been selling products to make the camera and film negatives decreased dramatically. "We know the people at this time are rarely use traditional film or camera. All switch to digital technology," he said. Just as a note, years ago, MDRN record revenue of Rp 1.2 trillion and net profit to Rp 1.8 billion.

However, Donny sure MDRN business profit will increase as some larger reorganization of products and services increased from print imaji division. "We want to maximize the print product in the middle of booming digital technology," said Donny.

Therefore, Donny still optimistic about the performance MDRN next year. "If the good conditions, we predicted revenue rose 10 percent to 15 percent and net profit increased at least 15 percent of achieving the year 2008," augment him.

by kompas.com