Tempo Scan profit dropped 8.5%
Pharmaceutical and consumer goods company PT Tempo Scan Pacific Tbk booked net profit of Rp296 billion (US$30 million) in 2005, down 8.5% from Rp323 billion (US$35 million) in 2004 on slashed margin.
Tempo Scan, according to its financial statement today, recorded total sales of Rp2.497 trillion (US$254 million) last year, grew slightly from Rp2.37 trillion in 2004. As the company's gross profit almost unmoved to Rp1.08 trillion (against Rp1.07 trillion) and operating expenses grew significantly by around 8 percent, the operating profit then reduced to Rp353bn (Rp382bn in 2004).
With assets of Rp2.345 trillion by the end of 2005, it's profit margin not bad at all. Besides, almost all consumer goods producer feel the heat of slowdown in consumer spending following the fuel price hike and increasing interest rate last year.
Tempo Scan, according to its financial statement today, recorded total sales of Rp2.497 trillion (US$254 million) last year, grew slightly from Rp2.37 trillion in 2004. As the company's gross profit almost unmoved to Rp1.08 trillion (against Rp1.07 trillion) and operating expenses grew significantly by around 8 percent, the operating profit then reduced to Rp353bn (Rp382bn in 2004).
With assets of Rp2.345 trillion by the end of 2005, it's profit margin not bad at all. Besides, almost all consumer goods producer feel the heat of slowdown in consumer spending following the fuel price hike and increasing interest rate last year.
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posted by yosef at 8:24 AM
3 Comments:
Mr Yosef,
I am an English journalist, now based in Kuala Lumpur, and would really be interested in asking you a couple of questions. Is it possible? My email address is simonb at yahoo dot co dot uk thanks (would appreciate it if you could delete this post after picking it up)
Hi Simon,
I tried to email you at simonb@yahoo.co.uk, but failed. Is it the correct address?
My mistake friend ... the address is simonb31@yahoo.co.uk (ie with '31' added). Sorry amigo ... please do try again 8)
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