Dynaplast 1Q net income jumps 109%

The leading rigid plastic manufacturer PT Dynaplast Tbk (DYNA) is reported to experience a 109% jump in net income to Rp35 billion at end of March this year from Rp17 billion a year earlier because of higher sales.

In a presentation material, as quoted by Bisnis Indonesia daily today, Dynaplast net sales increased 19% to Rp430 billion from Rp361 billion.

Gross profit inched up 24% to Rp83 billion from Rp67 billion, while operating profit increased 28% to Rp45 billion from Rp35 billion. Dynaplast' EBITDA rose 22% to Rp73 billion from Rp59 billion.

Disclosure: No position at the stock mentioned above.

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