JAKARTA (Yosefardi) – Textile giant PT Sri Rejeki Isman Tbk (SRIL), otherwise popular as Sritex, booked net profit of US$38.3 million in January-September 2015 period, grew by 29.6% from US$29.5 million in the corresponding period of 2014.
Cost efficiency and rupiah depreciation contributed to the growth on profit. Sales rose 13.4% to US$475.2 million from previous US$419.4 million.
As at September 2015, SRIL’s assets reached US$750.24 million while liability amounted US$483.5 million. Its equity was US$266.7 million.