Jul 28, 2010

AKR Corporindo 1H net profit up 27%

PT AKR Corporindo Tbk (AKRA) today announces a 27.47% rise net profit in the first half this year from a year earlier.
In a publication today, AKR posted Rp140.79 billion of net profit in 1H 2010 or Rp38.30 per share from a year earlier of Rp110.45 billion or Rp35.34 per share. 
The company's net profit was mainly underpinned by foreign exchange gain of Rp36.06 billion and other income of Rp9.64 billion.
But, AKR's operating profit fell 22.06% from Rp263.82 billion in 1H 2009 to Rp205.61 billion in 1H 2010. Revenue rose 32.49% from Rp3.94 trillion in 1H 2009 to Rp5.22 trillion in 1H 2010.

Disclosure: No position at the stock mentioned above.

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