Asahimas profits drop

Asahimas profits drop

JAKARTA (JP): Publicly listed glassmaker PT Asahimas Flat
Glass Co. Ltd reported a decline in net profits of about 35
percent to Rp 44.1 billion (US$18.52 million) in 1996 from Rp
73.71 billion in 1995.

The company announced that its net sales dropped by 14 percent
to Rp 347.3 billion in 1996 from Rp 403.6 billion in 1995.

Of the company's total net sales, fabricated glass accounted
for 30.8 percent, high quality and specialty glass for 35.2
percent and commodity and figured glass for 34 percent.

The company said it would increase its prices of commodity
glass and some specialty glass by 20 percent and 30 percent
respectively starting March, 1.

The company also increased its prices in January early this
year. (09)