CPO producer PT PP London Sumatra Indonesia Tbk (Lonsum) reported a 65.05% increase in net profit last year on the back of stronger growth in sales.
Lonsum posted a Rp1.70 trillion net profit last year (FY2011) from Rp1.03 trillion in the previous year. The company, that is partly owned by Salim Group and Eddy Sariaatmadja family, booked Rp2 trillion operating profit, a 47.05% surge from Rp1.36 trillion, sending a higher operating margin to 42.64% from 37.88%.
Gross profit rose 33.33% to Rp2.36 trillion from Rp1.77 trillion. Lonsum booked a 30.64% increase in sales to Rp4.69 trillion from Rp3.59 trillion.
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