Publicly listed PT Enseval Putera Megatrading suffered a 33.21% fall in net profit during the first 9 months of this year despite higher net sales.
Enseval, in the financial report filed to Indonesia Stock Exchange (IDX) today, posted Rp143.12 billion in 9M 2010 from Rp214.29 billion a year earlier.
In line with the bottom line drop, the company's operating profit slashed 33.05% from Rp308.46 million in 9M 2009 to Rp206.52 billion in 9M 2010.
Operating expenses and cost of goods sold soared 11.99% and 14.74%.
Gross profit plumetted 6.23% from Rp762.24 billion in 9M 2009 to Rp714.72 billion in 9M 2010. Net sales rose 12.07% from Rp6.13 trillion in 9M 2009 to Rp6.87 trillion in 9M 2010.
Enseval, in the financial report filed to Indonesia Stock Exchange (IDX) today, posted Rp143.12 billion in 9M 2010 from Rp214.29 billion a year earlier.
In line with the bottom line drop, the company's operating profit slashed 33.05% from Rp308.46 million in 9M 2009 to Rp206.52 billion in 9M 2010.
Operating expenses and cost of goods sold soared 11.99% and 14.74%.
Gross profit plumetted 6.23% from Rp762.24 billion in 9M 2009 to Rp714.72 billion in 9M 2010. Net sales rose 12.07% from Rp6.13 trillion in 9M 2009 to Rp6.87 trillion in 9M 2010.
Disclosure: No position at the stock mentioned above.
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