Bulog Optimistic Cover Accumulation Of Losses

Jakarta (Antara Bali) - State-owned Board of Logistics (Bulog) said it hopes to make up all remaining accumulation of its losses in 2013.

Bulog  accumulated Rp2.9 trillion in losses from 2001 to 2010, its president director Sutarto Alimoeso said here Wednesday.

Bulog hopes to make up for the losses by phases with profit recorded  in 2011 and more profit  expected this year, Sutarto said.

Last year, Bulog reported Rp936.51 billion in net profit  and  this year the target for profit is set at Rp600 billion.

In the first five months of this year the company already posted a net profit of Rp111 billion, he said.(IGT)