Mar 28, 2011

Intraco Penta net income soars 121%

Heavy equipment distributor PT Intraco Penta Tbk (INTA) today reported a 121.72% jump in net income last year, mostly underpinned by net income from associated companies.
In a financial statement published today, Intraco posted Rp83.08 billion last year from Rp37.47 billion in the previous year. Net income from associated companies recorded Rp84.53 billion, double from Rp41.57 billion.
Operating profit surged 71.57% to Rp151.79 billion from Rp88.47 billion, sending a slight increase of operating margin to 8.28% from 7.49%. Operating revenue soared 55.08% to Rp1.83 trillion from Rp1.18 trillion.

Disclosure: No position at the stock mentioned above.

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