JAKARTA (Yosefardi) – Nickel producer PT Vale Indonesia (INCO) Tbk booked net profit of US$44.07 million in the first half of 2013, skyrocketed 700% from the corresponding period of 2012.
Vale Indonesia generated sales revenue of US$505.7 million in the first half of 2013, grew substantially by 19% from the same period of 2012 on higher sales volume.
Vale Indonesia’s gross profit and operating profit also jumped to US$92.6 million and US$66.5 million from US$42.4 million and US$15.7 million respectively in the first half of 2012.
Vale then posted earning per share of US$0.004 or about Rp41.2, four times it booked in the first half of 2012.