Petra Foods Limited, a company listed on Singapore Exchange (SGX) but with substantial operation in Indonesia reported 34.6% net profit growth to US$78.7 million last year as its sales revenue grew 8.7% to US$1.7 billion. We have also seen aggressive expansion in the cocoa processing business here. Davomas Abadi (DAVO), one of long-time cocoa processor, however, reported operating loss and net loss in nine months of 2011.
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