Palm oil producer PT PP London Sumatra Indonesia Tbk (Lonsum) today reported a 112.14% jump in net profit for the first 6 months of this year as sales rose 51.59%.
In the financial statement published today, London Sumatra reported Rp886.26 billion attributable profit in 1H 2011 from Rp417.78 billion in 1H 2010.
Operating profit surged 92.14% to Rp1.06 trillion from Rp550.18 billion, sending a higher margin to 44.54% from 35.12%.
London Sumatra's gross profit rose 68.69% to Rp1.27 trillion from Rp750.39 billion, while sales increased 51.59% to Rp2.38 trillion from Rp1.57 trillion.
Disclosure: No position at the stock mentioned above.
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