Monday, 29 June 2009 17:15:12
StockWatch (Jakarta) - Edible oil producer PT Cahaya Kalbar Tbk (CEKA) booked IDR363.12 billion of sales in January-March 2009, falling 38.38% from IDR592.55 billion in the same period of 2008, the company's president Erik Tjia said.
He said in a public expose document issued today (Monday 29/6) in Jakarta, sales stepped down on global recession that caused decline in the market's buying capability. He said 87.97% of the first-quarter sales or IDR321.19 billion came from the local market and IDR43.93 billion from the export market.
Gross profit stumbled 28.88% at IDR65.63 billion during that period from IDR92.28 billion in the same period of 2008, because production and sales were down, but operating profit was up 14.82% at IDR58.60 billion versus IDR51.04 billion.
But net profit was up 7.56% at IDR38.69 billion during that period versus IDR35.97 billion in the same period of 2008, due to decline in lower cost of goods sold (COGS) and operating expense. (abr/bw)
StockWatch (Jakarta) - Edible oil producer PT Cahaya Kalbar Tbk (CEKA) booked IDR363.12 billion of sales in January-March 2009, falling 38.38% from IDR592.55 billion in the same period of 2008, the company's president Erik Tjia said.
He said in a public expose document issued today (Monday 29/6) in Jakarta, sales stepped down on global recession that caused decline in the market's buying capability. He said 87.97% of the first-quarter sales or IDR321.19 billion came from the local market and IDR43.93 billion from the export market.
Gross profit stumbled 28.88% at IDR65.63 billion during that period from IDR92.28 billion in the same period of 2008, because production and sales were down, but operating profit was up 14.82% at IDR58.60 billion versus IDR51.04 billion.
But net profit was up 7.56% at IDR38.69 billion during that period versus IDR35.97 billion in the same period of 2008, due to decline in lower cost of goods sold (COGS) and operating expense. (abr/bw)
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