Feb 23, 2011

Intraco Penta FY10 profit jumps 121%

Indonesia’s heavy equipment distributor, PT Intraco Penta Tbk (INTA) recorded a 70% revenue rise or amounting Rp1.9 trillion compared to 2009's figure.
Intraco’s Finance Director Fred L Manibog said that the profit growth soared by 121% following such revenue jump. Intraco posted Rp83 billion profit in 2010, a 121.33% increase from Rp37.5 billion a year earlier.
Fred said that at the moment, Intraco recorded Rp473.1 billion total equity or 22% rebound compared to the same period in 2009. Intraco’s asset surged by 33%, reaching IDR1.48 trillion compared to the previous year.

Disclosure: No position at the stock mentioned above.  

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