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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