Mar 17, 2011

Tiga Pilar FY10 net income soars 84.79%

A noodle maker and palm oil producer PT Tiga Pilar Sejahtera Food Tbk (AISA) recorded a 84.79% jump in net income last year, underpinned by a revenue increase of 58.45%.
"At end of last year, the company booked Rp844.87 billion, a 58.45% increase from Rp533.19 billion in the previous year," said Tiga Pilar Finance Director Sjambiri Lioe today.
Gross profit was Rp197.93 billion, a 29.43% increase from Rp152.98 billion. Sjambiri said operating profit reached Rp137.98 billion, a 30.82% rise from Rp105.47 billion. 
According to him, net other charges shrank narrowed 9.49% to Rp47.99 billion from Rp53.03 billion. Sjambiri said net profit surged 84.79% to Rp71.64 billion from Rp37.79 billion.

Disclosure: No position at the stock mentioned above.

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