Oct 21, 2010

Jaya Pari Steel 9M op. profit rises

Publicly listed steel manufacturer PT Jaya Pari Steel Tbk (JPRS) today reported a 532.91% jump operating profit in the first 9 months of this year (9M 2010) from a year earlier.
In the financial report filed to Indonesia Stock Exchange (IDX) today, Jaya Pari Steel booked Rp39.81 billion operating profit in 9M 2010 from Rp6.29 billion in 9M 2009.
In line with the rise, Jaya Pari Steel's operating margin steeply elevated from 2.91% in 9M 2009 to 12.91% in 9M 2010.
In return, the steel maker turned back into positive earning of Rp33.79 billion in 9M 2010 from net loss of Rp7.61 billion in 9M 2009.
The company's net sales rose 42.53% from Rp216.32 billion in 9M 2009 to Rp308.32 billion in 9M 2010. 

Disclosure: No position at the stock mentioned above.

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