Ometraco's profits surge

JAKARTA (JP): Ometraco Corporation stated that its consolidated net profits rose 40 percent to Rp 54 billion (US$23.2 million) last year.

The company said in a statement over the weekend that its financial division booked Rp 41 billion in before-tax profits due mainly to the strong growth in the multifinance portfolio and the acquisition of Bank Tiara.

Net profits from the infrastructure division were up 26 percent, the statement said. (08)