PT Kedawung Setia Industrial Tbk (KDSI) reported a 39.90% increase in net profit last year, while net sales booked a slight increase.
Kedawung posted Rp23.63 billion net profit or Rp58.34 a share last year from Rp16.89 billion or Rp41.71 a share.
Operating profit rose 131.38% to Rp39.08 billion from Rp32.69 billion, while gross profit slightly increased 12.15% to Rp146.73 billion from Rp130.83 billion. Kedawung's net sales increased 5.36% to Rp1.18 trillion from Rp1.12 trillion.
Cash from operations jumped 1,064.71% to Rp65.69 billion from Rp5.64 billion.
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