Lonsum books higher profit

Lonsum books higher profit

JAKARTA (JP): Publicly listed PT London Sumatra Indonesia
reported a 14 percent increase in net profit to Rp 50.2 billion
in the first six months of this year compared to the same period
last year.

The company said in a statement on Friday that the increase in
net profit was still relatively lower than the increase in
operating income this year.

The statement said that operating income rose by 185 percent
to Rp 133.7 billion in the first semester of this year compared
to the same period last year.

The company also said that its revenue increased to Rp 204.3
billion in the first six months of this year.

The oil palm and rubber plantation firm said that it had
appointed an auditing and legal firm to perform a financial and
legal due diligence on its debt restructuring plan, scheduled to
be completed by the first quarter of 1999.

However, the company did not provide details on the amount of
its overseas debts. (aly)