PT Asahimas Flat Glass: 2004 net profit up 27%

Indonesian safety glass producer PT Asahimas Flat Glass said it posted a 2004 net profit of IDR 206.79 billion, up 27% year-on-year, on higher sales and improved margins.
Sales in 2004 grew 7.37% ye…

Indonesian safety glass producer PT Asahimas Flat Glass said it posted a 2004 net profit of IDR 206.79 billion, up 27% year-on-year, on higher sales and improved margins. Sales in 2004 grew 7.37% year-on-year to IDR 1.46 trillion from IDR 1.36 trillion, while operating profit rose 27% to IDR 301.80 billion. Cost efficiencies boosted both the 2004 gross and operating margins to 36% and 21%, respectively, from 33% and 17% in 2003. (USD 1 = IDR 9,471)