Mar 25, 2012

Indomobil FY11 net profit rises 81.19%

PT Indomobil Sukses Internasional Tbk (IMAS) last week reported a 81.19% increase in net profit last year, mainly underpinned by other operating income.
Indomobil booked Rp812.97 billion net profit or Rp695 a share last year from Rp448.67 billion or Rp449 a share in the previous year.
Operating profit jumped 109.93% to Rp1.03 trillion from Rp488.57 billion on the back of robust growth in other operating income of Rp420.44 billion from Rp159.58 billion.
Gros profit increased 41.13% to Rp1.99 trillion from Rp1.41 trillion. Indomobil posted a 44.24% increase in net sales to Rp15.78 trillion from Rp10.94 trillion.

Disclosure: No position at the stock mentioned above. 

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