Aug 25, 2011

Citra Tubindo 1H profit jumps 670.97%

PT Citra Tubindo Tbk today reported a 670.97% jump in net attributable profit in the first half of this year as revenue increased.
Citra Tubindo booked US$28.68 million attributable profit in 1H 2011 from US$3.72 million in 1H 2010. Operating profit surged 323.53% to US$33.11 million from US$7.82 million as cost of goods sold narrowed to US$59.60 million from US$72.89 million. Revenue slightly increased 6.12% to US$98.31 million from US$92.63 million.

Disclosure: No position at the stock mentioned above.

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