Mar 26, 2012

Selamat Sempurna FY11 profit up 33.54%

PT Selamat Sempurna Tbk (SMSM) reported a 33.54% increase in net profit last year as a result of moderate growth of net sales.
Selamat Sempurna, auto parts maker, posted Rp200.87 billion net profit or Rp140 a share last year from Rp150.42 billion or Rp104 a share in the previous year.
Operating profit increased 30.13% to Rp296.51 billion from Rp227.85 billion, while gross profit rose 24.91% to Rp460.67 billion from Rp368.78 billion. Net sales increased 16.03% to Rp1.81 trillion from Rp1.56 trillion.

Disclosure: No position at the stock mentioned above.  

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