The producer of biaxially oriented polypropylene (BOPP) film, PT Indopoly Swakarsa Industry Tbk (IPOL), reported a strong growth in net income in the first 9 months of this year as a result of higher sales.
Indopoly posted Rp152.88 billion net income or Rp34.13 per share in 9M 2010, a 105.43% jump from Rp74.42 billion or Rp41.69 per share in 9M 2009.
Income from operations skyrocketed 198.63% from Rp75.13 billion in 9M 2009 to Rp224.36 billion in 9M 2010.
Cost of goods sold increased 23.23% from Rp677.38 billion in 9M 2009 to Rp834.73 billion in 9M 2010. Sales elevated 36.12% from Rp872 billion in 9M 2009 to Rp1.19 trillion in 9M 2010.
Disclosure: No position at the stock mentioned above.
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