May 30, 2011

Buana Listya 1Q operating profit soars

Integrated transportation company PT Buana Listya Tama Tbk (BULL), that is controlled by Indonesian businessman via PT Berlian Laju Tanker Tbk (BLTA), today reported a 1,193.61% jump in operating profit for the first quarter of this year as revenue rose.
Buana Listya booked Rp91.07 billion operating profit in 1Q 2011 from Rp7.04 billion a year earlier. Operating revenue rose 110.30% to Rp257.18 billion from Rp122.29 billion.
Net income soared 118.72% to Rp85.17 billion or Rp7.74 per share from Rp38.94 billion or Rp55.94 per share. However, financial charges also widened 103.61% to Rp6.76 billion from Rp3.32 billion. 

Disclosure: No position at the stock mentioned above.  

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