JAKARTA: PT Kertas Basuki Rachmat Indonesia Tbk gross profit narrowed significantly by 96.17% throughout last year due to declining expenses.Based on financial statement 2011, it booked IDR18.63 billion lower than IDR486.26 billion a year earlier.The revenue of the company engages in pulp and paper industry fell by 66.78% to IDR25.34 billion from IDR76.28 billion.As for the cost of revenue declined by 60.49% to IDR30.29 billion from IDR76.67 billion, which led to a surge in gross profit as much as 1,208 to IDR4.95 billion from IDR378.85 million.In operating expenses, KBRI-coded share fell 8.01% to IDR412.35 billion from IDR448.24 billion. It made the operating loss declined by 9.03% to IDR407.4 billion from IDR447.86 billion.The share strengthened 1.75% in the closing session or IDR1 higher to IDR58 and capitalized the market as much as IDR503.9 billion. (T06/msw)
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