Spindo Posts 43% Drop in Profit

JAKARTA (Yosefardi) – PT Steel Pipe Industry of Indonesia (Spindo) Tbk (ISSP) booked net profit of Rp116.4 billion in the first half of 2015, dropped 43% from the same period of 2014. Revenues grew by 7% to Rp1.77 trillion but the company suffered foreign exhange...