Dharmala's profit up

Sat, 05 Nov 1994, 00:00 WIB | Source: AFP

MANILA (AFP): The Philippine affiliate of the Dharmala Group
of Indonesia posted a 44-percent increase in net income for the
first three quarters of 1994, documents obtained here yesterday
said.

Dharmala Philippines Inc. saw its net income in the first nine
months of this year rise to 38.269 million pesos (US$1.47
million), up from 26.573 million pesos in the same period last
year.

The company's net sales were listed at 193.75 million pesos in
the first three-quarters of this year, down 21 percent from the
same period last year.

The company attributed this to the spin-off of trading
operations to a wholly-owned subsidiary in July. It did not
identify the subsidiary.

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