Multipolar profits slump

JAKARTA (JP): The publicly-listed PT Multipolar Corporation announced last week that its net profits in the July-December period of 1995 decreased marginally to Rp 2.4 billion (US$1 million) from Rp 4.8 billion in the same period of 1994.

The company expected that its new investment in the retail and family entertainment sectors will start to contribute to its earnings in the 1996/1997 financial year. (08)