Mar 29, 2010

Truba Jaya sales drops 5.88%

Despite lower sales and operating profit, PT Truba Jaya Engineering, subsidiary of PT Truba Alam Manunggal Tbk (TRUB), posted a slight increase on net profit by 3.70%.
Truba Jaya, that provides services of power plant engineering, procurement, and construction and contributes more than 70% of TRUB consolidated revenue, booked Rp53.14 billion or Rp11.69 per share of net profit in 2009 from a year before of Rp51.24 billion or Rp13.12 billion due to lower other expenses.
Truba reported a 10.85% fall on operating profit from Rp158.59 billion as of December 2008 to Rp141.39 billion last year.
In line with a slight decrease of operating profit, sales fell 5.88% from Rp2.38 trillion in 2008 to Rp2.24 trillion last year.

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