Jun 2, 2011

Bakrie Plantations 1Q profit soars 256%

PT Bakrie Sumatera Plantations Tbk (UNSP) posted a 256.49% jump in net profit in the first quarter of this year on the back of soaring net sales.
The company booked Rp229.62 billion net profit or Rp22.59 a share in 1Q 2011 from Rp64.41 billion or Rp6.39 a share in 1Q 2010. Operating profit surged 126.61% to Rp423.41 billion from Rp190.82 billion.
Net sales soared 106.51% to Rp1.14 trillion from Rp552.87 billion.  

Disclosure: No position at the stock mentioned above.

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