Oct 27, 2010

Enseval 9M earning plunges 33.21%

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.

Disclosure: No position at the stock mentioned above.

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