JAKARTA (Yosefardi) – PT Steel Pipe Industry of Indonesia (Spindo) Tbk (ISSP) booked net profit of Rp143.42 billion in first nine months of this year, jumped 83% from Rp78.86 billion in the same period of last year.
Sales and service revenues increased 4.8% to Rp2.34 trillion from previous Rp2.24 trillion. Cost of goods sold reached Rp1.89 trillion and selling expenses totaled Rp107.71 billion. The company booked operating profit of Rp274.24 billion.
Spindo’s raw materials supplier are Hyosung Corporation, Gs Global Corporation, Marubeni – Tochu Steel Pty Ltd, PT Krakatau Steel Tbk, Arcelormittal Singapore Private Lim, and Sumikin Bussan Corporation.
Its assets totaled Rp3.79 trillion while liability amounted Rp2.06 trillion.