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Article: INDONESIAN PAPER CO TJIWI KIMIA POSTS 56.32% DECLINE IN PROFIT.(Financial report)
- Article from:
- AsiaPulse News
- Article date:
- September 9, 2009
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JAKARTA, Sept 9 Asia Pulse - Indonesian paper producer PT Pabrik Kertas Tjiwi Kimia Tbk (KIWI) (JSX:TKIM) reported a 56.32 per cent decline in net profit to US$ 16.394 million in the second quarter of 2009 from US$ 37.537 million in the same period last year.
The decline in net profit was caused by shrinking sales to US$575,630,000, down 22.62 per cent from US$743,936,000, with gross profit down 36.33 per cent to US$84,079,000 from ...