While net sales for the company increased by 13.2% to 5,470 billion Indonesian rupiahs (£314.4 million) in the year to Dec. 31, 2006, operating income dropped from 407 billion rupiahs (£23.4 million) at the end of 2006 to 365 billion (£21.0 million) a year later. Net income dropped a worrying 65.9% to 118 million rupiahs (£6.8 million).
Quarterly figures confirm the trend towards higher sales yet lower income, with quarterly net sales in the period to Mar. 31 posted as 1,535 billion rupiahs (£88.2 million) as opposed to 1,229 billion a year earlier. Operating income increased from 111 million rupiahs (£6.4 million) to 171 million (£9.9 million). However net income for the quarter was scarcely a fraction of that gained a year earlier, down from 215 million rupiahs (£12.4 million) in March 2006 to just 12.9 million (£739,000) this year.