PT TIMAH'S NET PROFIT ROSE FOURFOLD IN FIRST SEMESTER OF 1998.

From: Indonesian Commercial Newsletter | Date: October 26, 1998 | Copyright information

The depreciation of the rupiah against the U.S. dollar some time ago has had negative impact on the business sector, forcing a considerable of companies to lower their production rates and, even, to discontinue their activities. However, the depreciation of the rupiah against the U.S. dollar provided a boon for export-oriented companies, allowing them to obtain a much higher income when calculated in the rupiah currency.

PT Tambang Timah, a publicly listed state enterpri...

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