Arthavest 1Q Net Profit Up Sharply 273.83%

Friday, 27 April 2007 17:52:29
StockWatch (Jakarta) - Stock brokerage, trading and corporate financing company PT Arthavest Tbk (ARTA) booked net profit of IDR697.387 million (IDR1.59 per share) in the first quarter of 2007, up sharply by 273.83% versus IDR186.551 million (IDR0.43 per share) in the same period of 2006.

The net profit was up significantly supported by the operating revenue which climbed up from IDR2.627 billion to IDR3.494 billion, so the company was able to book gross profit at IDR840.705 million versus net loss of IDR375.866 million.

The operating expense stepped down from IDR3.002 billion to IDR2.653 billion, while other net revenues decreased at IDR79.692 million from IDR452.762 million, and the pre-tax profit climbed up from IDR76.995 million to IDR920.258 million. (dwi/bud)