Indonesian flat glass producer PT Asahimas Flat Glass said it posted an increase in net profit to Rp 27.42 billion (US$ 3.8 million) last year from Rp 9.39 billion in the previous year.
The company“..
Indonesian flat glass producer PT Asahimas Flat Glass said it posted an increase in net profit to Rp 27.42 billion (US$ 3.8 million) last year from Rp 9.39 billion in the previous year. The company“s consolidated sales rose to Rp 786.47 billion last year from Rp 706.99 billion in 1998, its management said. At the same time, its interest burden declined to Rp 69.82 billion in 1999 from Rp 73.87 billion. By December 1999, the company“s consolidated assets were valued at Rp 1.68 trillion down from Rp 1.83 trillion in 1998. The decline was attributed to debt repayment. Its short term debts dropped from Rp 590.39 billion in 1998 to Rp 455.69 billion last year, while long term debts declined from Rp 1.41 trillion in 1998 to Rp 1.24 trillion in 1999.