September 27, 2002 9:24:49 AM
AMFG's First-Half Sales Up 2%

PT Asahimas Flat Glass Tbk. (AMFG) recorded a slim 2% rise YoY in sales to Rp 672B in the first half of 2002.

But its operating income fell 36%, thus its operating margin dropped to 19% from 30%.

The company during the period swung to a foreign exchange (forex) gain of Rp 78.4B from a loss of Rp 151.4B a year earlier. Consequently, it managed to book a 618% surge YoY in net income to Rp 143.5B. AMFG Non Coverage.