JAKARTA (Yosefardi) – PT Arita Prima Indonesia Tbk (APII) booked net profit of Rp32 billion in 2014, grew by 32% from profit Rp24 billion in 2013. Net profit margin was 12.4%.
Revenues rose 39.5% to Rp257 trillion from previous Rp184 billion. Sales of valve was Rp209.36 billion while sales of fiting and instruments reached Rp22.8 billion and Rp22.6 billion respectively.
APII focuses its contracts in oil and gas sector such as state construction firm PT Wijaya Karya Tbk (WIKA), Pertagas, and Pertamina.
Its assets reached Ro440 billion while liability amounted Rp227 billion. APII plans to build new factory this year. (rully@yosefardi.biz)