Feb 23, 2011

Pam Lyonnaise FY10 net income drops

Water producer PT Pam Lyonnaise Jaya posted Rp216.13 billion net income last year, a 2.81% decrease from Rp222.38 billion a year earlier.
In the financial statement published today, the company's bottom line shrank as a result of higher cost of goods revenue as well as operating expenses.
Pam Lyonnaise's operating profit fell 8.47% to Rp331.96 billion last year from Rp362.69 billion.
Gross profit also decreased 4.92% to Rp521.40 billion from Rp548.37 billion. However, operating revenue inched up 6.05% to Rp1.04 trillion from Rp974.19 billion. 

Disclosure: No position at the stock mentioned above. 

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