Jul 26, 2010

Jasa Marga 1H profit surges 63.68%

Toll road operator PT Jasa Marga Tbk (JSMR) today announces a 63.68% jump in its earning in the first half this year on the back of a higher revenue.
In financial report submitted to Indonesia Stock Exchange (IDX) today, Jasa Marga made Rp647.64 billion or Rp96 per share of net profit in 1H 2010 from a year earlier of Rp395.66 billion or Rp58 per share.
The company posted Rp1.09 trillion of operating income in 1H 2010, a 57.47% rise compared to the same period last year of Rp697.09 billion.
In line with soaring operating income, Jasa Marga's operating margin also steeply improved from 40.97% in 1H 2009 to 52.15% in 1H 2010.
Revenue rose 22.94% from Rp1.70 trillion in the first six months last year to Rp2.09 trillion in the first half 2010. 
Cash and cash equivalent at the end of June 2010 slightly increased 4.07% from Rp2.95 trillion in 1H 2009 to Rp3.07 trillion in 1H 2010.

Disclosure: No position at the stock mentioned above.  

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