Branta Mulia profit jump
Tire yarn and cord fabric manufacturer PT Branta Mulia Tbk reported net profit of Rp119.49 billion last year, jump from only Rp42.24 billion in 2004 on improved margin.
According to its financial report published today, Branta booked total sales of Rp1.76 trillion (almost US$200 million) last year, significantly increased from Rp1.47 trillion in 2004. Meanwhile its cost of goods sold increased from Rp1.167 trillion to Rp1.376 trillion, resulting in Rp388.76 billion gross profit last year. As no significant changes in operating expenses, the company booked operating profit of Rp232 billion last year, jump from Rp147 billion in 2004.
US-based DuPont Chemical once the largest shareholder in the company, but sold out all its shares of 19% to some Indonesian businessmen last year. Branta is the largest tire yarn producer in Indonesia with operation in Thailand as well.
According to its financial report published today, Branta booked total sales of Rp1.76 trillion (almost US$200 million) last year, significantly increased from Rp1.47 trillion in 2004. Meanwhile its cost of goods sold increased from Rp1.167 trillion to Rp1.376 trillion, resulting in Rp388.76 billion gross profit last year. As no significant changes in operating expenses, the company booked operating profit of Rp232 billion last year, jump from Rp147 billion in 2004.
US-based DuPont Chemical once the largest shareholder in the company, but sold out all its shares of 19% to some Indonesian businessmen last year. Branta is the largest tire yarn producer in Indonesia with operation in Thailand as well.
Labels: Chemical
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posted by yosef at 11:06 AM
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