(Jakarta, Investor Daily) - PT. Sierad Produce Tbk (SIPD) until this third quarter – 2010 record its net income of Rp. 48,98 billion or increase by 57% compare with the same period in 2009 which is Rp. 31,06 billion. Thereby, net income per share increasing too, from Rp 3,3 in the third quarter-2009 become Rp.5,2 per share until September 30,2010.
The President of SIerad Produce, Mr. Budiardjo Tek mentioned that tnet sales increase by 12,85% from Rp.2.41 trillion per September 2009 to Rp.2.72 trillion per September 2010. Gross profit increase by 39,96% from Rp.177.21 billion per September 2009 to Rp. 248.03 billion per September 2010.
“Company’s Income from operations is increasing significant 125% from Rp.49,3 billion per September 2009 and become Rp.111,13 billion per September 2010” said Mr Budiardjo in the disclosureto Indonesian Stock Exchange (BEI) in Jakarta on Monday, (1/11).
Mr. Budiardjo also confirmed that the Company’s total liabilities and stakeholder’s equity increasing by 18,32% from Rp.1.66 trillion per September 2009 to Rp. 1.96 trillion per September 2010. Cash and cash equivalent increasing by 193% from Rp. 38,70 billion per September 2009 become Rp. 113,72 billion per September 2010.
This year, Sierad Produce targeted net sales of Rp.3,8 trillion and income from operations Rp. 50 billion. Predicted that 58% income obtained from feed mill business which is Rp.2,2 trillion. Besides, Live bird and dressed chicken which is 42%.
In the closing trade on Monday (1/11), SIPD stock price close strongly one point to level Rp.57. Stock volume transacted 33,3 million unit worth with Rp. 1,84 billion.