PT Dayaindo Resources International Tbk recorded a 76.89% increase in net profit for the first 6 months of this year despite a slight increase in net sales.
The jump was in line with the steep rise in operating profit of 151.58% in 1H 2011 as a result of decrease in operating expenses and cost of goods sold. Dayaindo's net profit reached Rp29.31 billion in 1H 2011 from Rp16.57 billion. Operating profit was Rp67.02 billion from Rp26.64 billion. The company's net sales inched up 0.51% to Rp635.09 billion from Rp631.87 billion.
Disclosure: No position at the stock mentioned above.
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