Toll road operator PT Jasa Marga Tbk (JSMR) today reported a 16.05% increase in net profit for the first 6 months of this year on the back of higher operating revenue.
The state-controlled toll road operator booked Rp751.58 billion net profit in 1H 2011 from Rp647.64 billion in 1H 2010.
Operating profit increased 12.84% to Rp1.23 trillion from Rp1.09 trillion. However, the company's operating margin slightly increased to 52.12% from 51.90%. Jasa Marga's operating revenue grew 12.38% to Rp2.36 trillion from Rp2.10 trillion.
Disclosure: No position at the stock mentioned above.
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