Oct 28, 2010

Mandom 9M net profit rises 0.1%

Publicly listed cosmetic products maker PT Mandom Indonesia Tbk today announces a slight growth in net profit by 0.1% during the first 9 months in 2010.
Mandom, in an official announcement filed to Indonesia Stock Exchange (IDX) today, posted Rp110.6 billion net profit in 9M 2010 from Rp110.5 billion a year earlier.
Income from operating decreased 9.2% to Rp148.1 billion in 9M 2010 because the increase of operating expenses by 17.4% from Rp222.1 billion in the third quarter of 2009 to Rp260.6 billion.
Cost of goods sold elevated 4.9% from Rp663.6 billion at the end of September 2009 to Rp696.2 billion in 9M 2010. Gross profit rose 6.1% from Rp385.2 billion in 9M 2009 to Rp408.8 billion.
Net sales grew 5.4% from Rp1.05 trillion in 9M 2009 to Rp1.10 trillion in 9M 2010. The sales growth was also underpinned by both domestic and export markets.
Disclosure: No position at the stock mentioned above.
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