Aug 2, 2010

Polychem posts Rp44.94 bio net profit

Nylon yarn maker PT Polychem Indonesia Tbk posted Rp44.94 billion of net profit or Rp12 per share in the first half this year, a reversal from net loss of Rp21,17 billion in 1H 2009.
In the financial report submitted to Indonesia Stock Exchange (IDX) today, Polychem also booked operating profit of Rp49.32 billion in 1H 2010 from net loss worth Rp136.57 billion in 1H 2009.
Net sales rose 33.80% from Rp1.42 trillion in 1H 2009 to Rp1.90 trillion in 1H 2010, while cost of goods sold increased 19.21% from Rp1.51 trillion in 1H 2009 to Rp1.80 trillion in 1H 2010.

Disclosure: No position at the stock mentioned above.

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