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INDONESIA'S INDOFOOD POSTS 70 PCT DROP IN Q1 NET PROFIT.(Financial report)

AsiaPulse News

| May 01, 2009 | COPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

JAKARTA, May 1 Asia Pulse - PT Indofood Sukses Makmur Tbk`s (JSX:INDF) net profit in the first quarter of 2009 dropped 70 percent to Rp110.441 billion from Rp373.528 billion in the same period last year.

The company however stated in its financial report on Thursay that its sales still rose from Rp8.85 trillion in the period last year to Rp8.91 trillion this year.

The drop in the company`s net profit was caused by a loss in exchange rate reaching Rp362.200 billion in the first ...

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Source: HighBeam Research, INDONESIA'S INDOFOOD POSTS 70 PCT DROP IN Q1 NET PROFIT.(Financial...

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