Mar 15, 2011

Dynaplast FY10 net income up 23.66%

Plastic manufacturer PT Dynaplast Tbk (DYNA) posted a 23.66% increase in net income last year as a result of higher net sales.
In an official statement submitted to Indonesia Stock Exchange (IDX) today, the company booked Rp81.11 billion net income from Rp65.59 billion.
Operating profit increased 25.14% to Rp174.29 billion from Rp139.28 billion. Adding to that, gross profit augmented 19.15% to Rp322.59 billion from Rp270.75 billion. Net sales slightly rose 8.05% to Rp1.61 trillion from Rp1.49 trillion.

Disclosure: No position at the stock mentioned above.

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