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Income of Pelangi Indah goes higher

JAKARTA: PT Pelangi Indah Canindo Tbk, a metal manufacturer, booked higher income by 12.83% to IDR3.31 billion in the first quarter of 2011 from IDR2.93 billion last year.The growing income was supported by higher net sale in the first three months this

JAKARTA: PT Pelangi Indah Canindo Tbk, a metal manufacturer, booked higher income by 12.83% to IDR3.31 billion in the first quarter of 2011 from IDR2.93 billion last year.The growing income was supported by higher net sale in the first three months this year by 41.79% to IDR177.94 billion from IDR125.49 billion, the financial statement said.Meanwhile, the cost of goods sold also escalated by 48.23% to IDR160.15 billion from IDR108.04 billion. (T01/NOM)

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