Feb 22, 2012

Tiga Pilar FY11 net profit rises 30%

Rice and noodle maker PT Tiga Pilar Sejahtera Food Tbk (AISA) booked a 30% increase  in net profit last year of Rp98 billion from Rp75.23 billion a year earlier.
Finance Director Sjambiri Lioe at Tiga Pilar said the company has not accomplished the audit of the financial report. "The net profit is nearly Rp98 billion," he said as quoted by Bisnis Indonesia today.
In line with the bottom line growth, Tiga Pilar's net sales also rose 155% to nearly Rp1.8 trillion from Rp705.21 billion.
Tiga Pilar yesterday was closed at Rp475 a share with the market capitalization of Rp1.38 trillion. The stocks are traded at 6.56 times.

Disclosure: No position at the stock mentioned above. 

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