ISX News
Modern Paint Industries' (IMPI) 1Q12 (unaudited) financial results
Modern Paint Industries' (IMPI) 1Q12 (unaudited) financial results:
P&L - 1Q12 (Sales: ID1271mn, -7% y/y, ID251mn Gross Loss in 1Q12 vs ID153mn Gross Profit in 1Q11 (due to the decrease in sales and ID54mn loss posted from change in inventory in 1Q12 vs ID226mn revenue in 1Q11). Operating Loss increased from ID49mn to ID630mn with the negative contribution of the raise in administrative expenses from ID177mn in 1Q11 to ID339mn. Net Loss increased from ID58mn in 1Q11 to ID625mn in 1Q12 on the back of the deterioration in operating performance.
B/S - 1Q12 (Assets: ID11.0bn, -4% y/y, BV: ID9.6bn, -5% y/y)
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