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INDONESIA'S ANTAM RECORDS 28 PCT RISE IN 2003 NET PROFIT.
JAKARTA, April 1 Asia Pulse - State tin mining company PT Aneka Tambang (Antam) (JSX:ANTM) announced on Wednesday its net profit last year rose by 28 per cent to Rp226.55 billion (around US$26.7 million) from Rp177.40 billion a year earlier.
The 2002 net profit was Rp18 billion lower than the unaudited 2003 net profit which reached Rp244 billion, the company's director, Dedi Aditya Sumanegara, said.
He said the lower-than-unaudited net profit was the result of the depreciation of employees' welfare funds, particularly pension funds.
He said ...
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Source: HighBeam Research, INDONESIA'S ANTAM RECORDS 28 PCT RISE IN 2003 NET PROFIT.