JAKARTA - PT Cisarua Mountain Dairy Tbk (CMRY) sets up investment of IDR 292.58 billion to add 14 new business lines. This plan will be further decided during General Meeting of Shareholders to be held next Thursday (13/6).

In the short prospectus quoted Wednesday (12/6), the fund source for this business line expansion came from the company’s internal cash. The investment is worth 6.08% of CMRY’s equity, which amounted to IDR 4.81 trillion as of March 2024.

CMRY’s new business lines will include manufactures of powder and condensed milk, ice cream, edible ice products, coffee, chocolate-based snack and confectionaries, confectionaries, processed foods and beverages, baby foods, packaged mineral water, and other food products, as well as retail sales in supermarkets, holding company, management consultancy, and headquarter activity.

These business lines are projected to contribute to CMRY’s revenue bit by bit, starting in 2025, of IDR 715.20 billion. Then, in 2028, it may increase to IDR 6.70 trillion.

The breakeven point (BEP) during this period will be attained at the average revenue level of IDR 408.16 billion or 12.26% of average revenue. (LK/ZH)