Indomulti's profits up

JAKARTA (JP): The publicly-listed PT Indomulti Inti Industri, a subsidiary of the Salim Group, announced yesterday a 278 percent increase in its net profit to Rp 18.19 billion (US$8.1 million) in the first half of this year.

The company said in a statement that the profit was derived from the company's net sales of Rp 385.76 billion, which indicated an almost 640 percent increase from the same period of last year.

Indomulti, formerly known as PT Indosepamas, has five core businesses: shoes, packaging and printing, steel sheets, textiles and mosquito coils with the brand name of Baygon.(04)