Gadjah Tunggal's income up

JAKARTA (JP): PT Gadjah Tunggal posted a 21 percent increase in net income to Rp 94 billion (US$40 million) in the first nine months of this year, up from Rp 78 billion for the same period last year.

The company, a publicly-listed tire producer, announced yesterday its income growth resulted from increased sales, lower production costs and more production.

Consolidated sales rose 28 percent to Rp 673 billion in the January-September period this year from Rp 523 billion for the corresponding period in 1995. (hen)