AKRA Net Profits Surge 25% to Rp 810 billion in 2014

 JAKARTA – PT AKR Corporindo Tbk (Bloomberg: AKRA IJ) one of Indonesia’s leading provider of logistics and supply chain solutions for bulk chemicals and Petrolem distribution reported net profit attributable to the equity holders of the parent entity of Rp 810 billion for the full year 2014, up 25% from Rp 648 billion reported during the year 2013.

The audited financial statements of the company for the year 2014 filed with Indonesia Stock Exchange today, reported consolidated revenues of Rp 22.468 billion slightly higher than Rp 22.338 billion reported during the previous year. Gross profit of the company significantly improved by 27% YoY to Rp 1,732 billion in 2014 compared to Rp 1,368 billion in 2013 and gross margin rose to 7.7% in 2014 higher than 6.1% in 2013. Likewise, operating margin increased to 4.7% in 2014 from 3.4% in 2013.