Dynaplast's profit surges<\/p>\n
JAKARTA (JP): Publicly listed PT Dynaplast announced on
\nSaturday a consolidated net income of Rp 14.5 billion (about
\nUS$1.93 million) in the first half of the year ending on June 30.
\nThis is a 49 percent increase over the corresponding period last
\nyear.<\/p>\n
The plastic crate and components manufacturer said the
\nincrease was mainly the result of a jump in domestic consumer
\ndemand in the second quarter due to an increase in people's
\npurchasing power.<\/p>\n
Sales rose by 45 percent to Rp 87.1 billion in the first six
\nmonths of the year, up from Rp 13.13 billion in the same period
\nin 1998.<\/p>\n
Dynaplast's operational income jumped by 76 percent in the
\nfirst half of the year to Rp 12.86 billion, compared to Rp 7.31
\nbillion in the same period last year.<\/p>\n
Dynaplast predicted its business would continue to grow in the
\nsecond half of the year, as demand for plastic materials would
\ncontinue to rise in line with the recovery in most business
\nsectors.<\/p>\n
The company said its recent move to buy back about 12.5
\nmillion of its shares was the best investment alternative for its
\nshareholders. (01)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/dynaplasts-profit-surges-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}