JAKARTA (Yosefardi) – Chemical producer and distributorPT Lautan Luas Tbk (LTLS) has in April 1, 2014 divested 120 million shares of PT Jakamitra Indonesia to PT Japfa Indoland.
The shares divesment represents 30% of Jakamitra’s total issued and paid-up shares capital, valued for Rp120 billion.
LTLS booked net profit of Rp127.49 billion in 2013, grew by 17.6% from Rp108.96 billion in 2012. Revenue however declined 7.7% to Rp5.73 trillion. But cost of sales and service fell 11% to Rp4.79 trillion.
Its assets increased 11.8% to Rp4.53 trillion while liability rose 7.5% to Rp3.14 trillion.