Tiga Pilar FY11 net profit up 67.29%

PT Tiga Pilar Sejahtera Food Tbk (AISA) today reported a 67.29% increase in net profit last year on the back of strong growth in net sales.

Tiga Pilar posted Rp126.91 billion net profit or Rp74.22 per share last year from Rp75.86 billion or Rp45.37 per share in 2010. Gross profit jumped 129.76% to Rp422.34 billion from Rp183.82 billion. Net sales surged 148.54% to Rp1.75 trillion from Rp705.22 billion.

Disclosure: No position at the stock mentioned above.

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