CMNP nets a profit

CMNP nets a profit

JAKARTA: Toll road management company PT Citra Marga Nushapala Persada (CMNP) said on Friday that it managed to book a net profit of Rp 96.8 billion (US$11.7 million) after recording a loss of Rp 406 billion in 2001.

In its 2002 audited financial report to the Jakarta Stock Exchange (JSX), the company said that the profit was mainly drawn from foreign exchange earnings, while sales dropped by 1.1 percent to Rp 347 billion from Rp 464 billion in 2001.

CMNP was given a penalty of Rp 10 million for failing to submit its audited 2002 financial report by a March 31 deadline. -- JP