Net income PT Tunas Baru Lampung Tbk significantly increased 258.84% in the first half of 2011 with increases in corporate earnings.
Based on the financial statements of the company mentioned Tunas Baru Lampung recorded a net income of Rp311, 99 billion, compared with achievement in the same period last year Rp86, 94 billion.
Growth was underpinned by rising corporate earnings 71.94% to Rp2, 08 trillion from Rp1, 21 trillion.
While the cost of goods sold rose only 27.95% to Rp1, 32 trillion from Rp1, 03 trillion. So the gross profit the company grew rapidly 332.82% to Rp754, 35 billion.
The company's operating profit surged 371.54% to Rp362, 55 billion from Rp76, 89 billion. As a result, operating margin rose to 17.45% from 6.36%.