JAKARTA: PT Unggul Indah Cahaya Tbjk, a chemical product manufacturer, booked 35.8% net profit reduction in the first six months of 2012, triggered by hike in expenses.
Based on its first half financial report, net profit noted at US$2.84 million from US$4.43 million in the same period last year. Revenue hike 4.23% to US$236.97 million from US$227.35 million.
Cost of goods sold rose 4.71% to US$216.87 million from US$207.11 million, thus gross profit fell 0.82% to US$20.07 million from US$20.24 million.
Operating expenses (general and administrative expenses plus selling and distribution expenses) rose 6.1% to US$4.84 million from US$4.56 million. As the result, operating profit declined 17.08% to US$6.63 million from US$7.99 million. (T05/aph)
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