Oct 28, 2010

Bentoel posts Rp212 billion net profit

Indonesia’s cigarette maker PT Bentoel Internasional Investama Tbk (RMBA) reported a Rp212.93 billion net income in the end of September 2010 after posting net loss during the same period last year.
In the financial report submitted to Indonesia Stock Exchange (IDX), it was reported that Bentoel booked Rp19.08 net loss in the end of September 2009.
Compared to this year’s figure, Bentoel’s net income in fact soared by 1,215.98%, mainly propelled by 25.81% net sale growth, from Rp5.23 trillion in the first 9 months of 2009 to Rp6.58 trillion in the same period this year.
The leading contributors to the company robust growth were the sale figure of cigarette, non-cigarette and recreation park.
As a matter of fact, the company also posted 22.98% jump of cost of goods sold, from Rp4.22 trillion to Rp5.19 trillion in the end of September 2010.
However, Bentoel’s gross income still grew by 36.27% from Rp1.02 trillion in the end of September 2009, Rp1.39 trillion.
Gross margin rose from 19.50% in the end of Q3/2009 to 21.12%.
Meanwhile, the operating income climbed 70.80% from Rp284.40 billion to Rp485.79 billion in the end of September 2010 as its operating margin also surged from 5.43% to 7.38%.

Disclosure: No position at the stock mentioned above.

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