Revenues up 21%, Waskita Karya reports Soaring Profits
PT Waskita Karya Tbk posted net income amounted to Rp 254,03 billion during 2012, up 47.7% from the performance of 2011, Rp 171,99 billion.
Along with that, earnings per share rose to Rp 38 per share from the previous year, Rp 9,56 per share.
Based on the company's financial statements as of 31 December 2012 which was released today, Friday (03/15/2013), net earnings performance was driven by revenue growth of 21.09% to Rp 8,81 trillion from the previous year Rp 7,27 trillion.
The company recorded a net profit margin rose 21.98% to 2.88% from 2.36% the previous year.
Unfortunately, the cost of revenue is large enough, Rp 8,08 trillion, up 21.09% from the previous year Rp 6,61 trillion. Profit before tax was recorded Rp 459,91 billion, up 38.6% from 2011 performance of Rp 331, 83 billion. (Bisnis Indonesia)