Sep 26, 2011

Chandra Asri 1H net profit up 15%

Petrochemical products maker PT Chandra Asri Petrochemical Tbk recorded a 15% increase in net profit to US$26.3 million in the first half of this year from US$22.9 million in the same period last year.
The profit increase was underpinned by the growth in net revenue of 20% to US$1.14 billion from US$949.11 million in 1H 2010.
President Director Erwin Ciputra, in a press statement, said the sales in the domestic market supported the net revenue. "We experience sales price increase, following the price increase of oil," he said.

Disclosure: No position at the stock mentioned above.  

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