Mar 15, 2011

Latinusa FY10 earning surges 77.61%

Tin plate maker PT Pelat Timah Nusantara Tbk (Latinusa) today reported a 77.61% jump in earning last year as it posted higher net sales.
In an official publication today, Latinusa booked Rp74.58 billion net income last year from Rp41.99 billion in the previous year. Adding to that, operating profit increased 15.03% to Rp77 billion from Rp66.94 billion.
However, operating margin remained flat to 5.65% from 5.67. Net sales rose 15.25% to Rp1.36 trillion from Rp1.18 trillion. Latinusa is one of subsidiaries of Indonesia's largest steel maker PT Krakatau Steel Tbk (KRAS).

Disclosure: No position at the stock mentioned above.

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