The increase in net profit was fueled by net income which grew 6.67 percent to Rp12.65 trillion in the year ended September 30, 2011 from Rp11.87 trillion a year earlier, PT Krakatau Steel President Director Fazwar Bujang said here on Thursday.
He said total operating expenses in the third quarter of 2011 rose to Rp960.59 billion from Rp900.44 billion a quarter earlier.
This year the company allocated an estimated Rp3 trillion to Rp5 trillion for capital expenditures including routine investment. The fund originated from banking loans and internal cash.
By the third quarter of 2011, the realization of the capital expenditures reached up to 50 percent.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2011
