Sritex Q1 net profit rises by 7.8%

JAKARTA (TheInsiderStories) – Textile and garment producer PT Sri Rejeki Isman Tbk (IDX:SRIL) recorded net profit of US$17.7 million in the first quarter 2017, rose 7.8 percent from the same period last year of US$16.4 million.

The increase was in line with the rise of revenues, which reached US$180.2 million, 6.8 percent higher than in the same period last year of US$168.7 million.

President Director of SRIL Iwan Setiawan Lukminto said the increase was mainly contributed by a rise in clothing segment, which increased 150.3 percent in the quarter from the same period last year. The company targets to book overall growth, revenues and net profit, of 8-12 percent in 2017. (*)