Jul 28, 2010

Astra Graphia 1H revenue drops 14%

Document solution provider PT Astra Graphia Tbk (ASGR) posted a lower revenue by 14.55% in the first half this year.
In a financial report submitted to Indonesia Stock Exchange (IDX), Astra Graphia's revenue fell from Rp672.87 billion in 1H 2009 to Rp574.99 billion in 1H 2010.
But, ASGR, subsidiary of PT Astra International Tbk (ASII), was able to drag down cost of goods sold by 23.27% from Rp492.36 billion in 1H 2009 to Rp377.81 billion in 1H 2010.
In return, Astra Graphia posted a higher operating profit by 23.29% from Rp48.65 billion in 1H 2009 to Rp59.98 billion in 1H 2010.
The company's net profit soared 71.46% from Rp25.65 billion or Rp19.02 per share in 1H 2009 to Rp43.98 billion or Rp32.61 per share.

Disclosure: No position at the stock mentioned above.

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