JAKARTA (Yosefardi) – Textile company PT Argo Pantes Tbk (ARGO), member of Agro Manunggal group, booked net profit of Rp81.75 billion in 2013, compared to loss of Rp118.97 billion in 2012.
Net sales increased 32.6% to Rp1.33 trillion from previous Rp1 trillion. While cost of revenues also rose 20.4% to Rp1.33 trillion from earlier Rp1.1 trillion.
The company also booked other income of Rp180.53 billion, compared to Rp63.4 billion in 2012. Its assets grew by 29.6% to Rp2.34 trillion while liability rose 27% to Rp2.02 trillion.