Nov 4, 2010

Indomobil 9M net income surges 169%

Publicly listed auto maker PT Indomobil Sukses Internasional Tbk (IMAS) today announces a 169.65% jump in bottom line for the first 9 months of 2010 on the back of soaring operating profit.
In the financial statement submitted to Indonesia Stock Exchange (IDX) today, Indomobil posted Rp361.81 billion in 9M 2010 from Rp134.18 billion in 9M 2009.
Income from assosiated companies rose from Rp49.08 billion to Rp226.27 billion.
Operating profit skyrocketed 408.89% from Rp32.61 billion in 9M 2009 to Rp165.95 billion in 9M 2010.
Indomobil's net revenue increased 55.39% from Rp4.82 trillion in 9M 2009 to Rp7.49 trillion in 9M 2010.

Disclosure: No position at the stock mentioned above.  

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