CEKA Cahaya Kalbar Tbk

Cahaya Kalbar's Sales Down 30%, Profit Up 10.54%

Friday, 31 July 2009 14:55:38
StockWatch (Jakarta) - PT Cahaya Kalbar Tbk (CEKA)'s sales stepped down 30% in the period of January-June 2009 at IDR879.808 billion from IDR1.257 trillion in the period of January-June 2008.

Cahaya Kalbar's financial report issued today (Friday 31/7) shows, the sales were decrease was followed with lower cost of goods sold (COGS) that fell 28.16% at IDR786.828 billion from IDR1.095 trillion. But gross profit dropped 42.59% at IDR92.980 billion although operating profit stepped up 38.67% to IDR68.157 billion from IDR49.152 billion.

Other expenses surged 993% at IDR16.862 billion from IDR1.542 billion, contributed mainly by interest expense that reached IDR14.854 billion. But net profit was up 10.54% at IDR36.922 billion (IDR124.11 per share) from IDR33.400 billion (IDR112.27 per share).

Cahaya Kalbar is producer of speciality fats for confectionary, snack food, liquid margarine and non-dairy whipping cream for simple substance on cooking. (konrad/bw)