Apr 6, 2011

Sierad Produce profit rises 64.29%

PT Sierad Produce Tbk, a company with core businesses of poultry feed, breeding, and hatchery, today reported a 64.29% increase in net income last year as a result of higher sales.
In a financial statement published today, Sierad posted Rp61.15 billion net income last year from Rp37.22 billion in the previous year.
Operating profit surged 92.87% to Rp140.18 billion from Rp72.68 billion. Gross profit increased 52.28% to Rp351.45 billion from Rp230.79 billion. Sierad's net sales grew 12.35% to Rp3.64 trillion from Rp3.24 trillion. 

Disclosure: No position at the stock mentioned above. 

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