Industrial paper producer PT Fajar Surya Wisesa Tbk (FASW) posted a 50.67% increase in operating profit as of September 2010. In line with the rise, the company's operating margin increased from 13.54% to 16,74% in the third quarter of 2010.
In the September's financial report submitted to Indonesia Stock Exchange (IDX), Fajar Surya came with third quarter's operating profit of Rp410.03 billion from Rp272.14 billion a year earlier.
Fajar Surya booked Rp2.45 trillion net sales as of September 2010 from Rp1.65 trillion at the same period of last year. The company's net profit rose 44.26% from Rp177.79 billion or Rp71.75 per share in September last year to Rp256.48 billion or Rp103.51 per share.
Fajar Surya is producer of sack kraft, containerboard (liner and corrugating medium) and boxboard, for use in the packaging of consumer and industrial goods.
Disclosure: No position at the stock mentioned above.
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