Aug 3, 2010

Indopoly 1H profit surges 160.44%

Biaxially-oriented polypropylene (BOPP) manufacturer PT Indopoly Swakarsa Industry Tbk today reports a 160.44% jump in its earning during the first half this year on the back of a higher net sales.
In the company's financial report submitted to Indonesia Stock Exchange (IDX) today, Indopoly booked Rp120.27 billion or Rp34.77 per share of net profit in 1H 2010 from a year earlier of Rp46.18 billion or Rp25.86 per share.
Indopoly's operating profit soared 288.92% from Rp47.01 billion in 1H 2009 to Rp182.83 billion in 1H 2010.
As a result, operating margin in 1H 2010 skyrocketed to 22.76% from 8.70% in 1H 2009. Net sales surged 48.72% from Rp540.08 billion in 1H 2009 to Rp803.22 billion in 1H 2010. 

Disclosure: No position at the stock mentioned above.

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