Dankos profits rise 4%

Dankos profits rise 4%

JAKARTA (JP): Publicly-listed pharmaceutical producer PT Dankos Laboratories reported a 4 percent increase in net profits to Rp 19 billion (US8.1 million) for last year, from Rp 18 billion in 1994.

Dankos President Apik Ibrahim said that the flat profit growth was due mainly to a significant price increase in chemical products as basic materials, while the increase in selling prices of Dankos' products was limited.

Ibrahim said the company's total sales last year reached Rp 115 billion, up by 29 percent from 1994.

Out of last year's sales revenues, 64 percent derived from the sales of over-the-counter products and 36 percent from ethical products.

He said that in 1995, the company produced two new over-the- counter products, namely Extra Joss and Cooling Plus.

Ibrahim also said that for the first quarter this year, Dankos booked Rp 35 billion in sales and Rp 5 billion in profits. (alo)