Ometraco's profits surge

Mon, 29 Apr 1996, 00:00 WIB | Source: JP

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)

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