Texmaco's sales up 98%

JAKARTA (JP): Publicly listed engineering company PT Texmaco Perkasa Engineering recorded an 98 percent increase in net sales to Rp 276.7 billion (US$104.41 million) in the first semester this year from Rp 139.7 billion in the same period last year.

The company said yesterday net profit rose to Rp 51.8 billion in the first semester this year from Rp 20 billion in the same period last year.

The company attributed the high growth to increased sales from textile machinery and heavy fabrication divisions.

Texmaco has four business divisions including textile machinery, heavy engineering and fabrication, machine tools and automotive components.