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Sabtu, 19 Maret 2011

Indorama Net Profit Soars 128% - The Indonesia Today

Polyester producer PT Indo-Rama Syntetics (INDR) Tbk posted net profit of US$25.9 million last year, soared 128% from 2009 on improved margin.

The company, controlled by Lohia family, reported sales revenue of US$616.9 million last year, jumped 31% from US$469.9 million in 2009, while cost of goods sold increased 20.7% to US$553.86 million.

Indorama then booked gross profit of US$63 million, doubled from US$31.2 million in 2009. Operating expenses, meanwhile, surged 33% to US$36.1 million, but it managed to book operating profit of US$26.98 million, more than six times 2009 operating profit of US$4.1 million.

Indorama had total assets of US$565.67 million and equity of US$285.34 million as at December 31, 2010. INDR closed flat at Rp1,880 Friday (March 18). At that price, Indorama currently has market capitalization of Rp1.23 trillion or about US$140 million.
Posted by Saham Pilihan at 08.23

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