Indosepamas' profit soars

JAKARTA (JP): PT Indosepamas Anggun, a manufacturing company, announced yesterday a sharp increase in its after-tax profit to Rp 9.03 billion, or Rp 249 per share, during the first quarter of this year from Rp 2.71 billion, or Rp 112 per share, for the same period in 1994.

A statement yesterday, from the company's president, Franciscus Welirang, read that the company's consolidated sales in the January-March period surged to Rp 179.86 billion from Rp 28.87 billion in the same period of 1994.

The company's total assets increased to Rp 617 billion as of March, from Rp 127 billion as of the same month in 1994.(31)