Gajah Tunggal benefits from lower raw material prices in nine-month results
PT Gajah Tunggal Tbk's nine month 2012 net sales grew 7.6 per cent to 9,381 billion rupiah from 8,722 billion rupiah last year. According to the company, the main impetus for this growth was “increased tyre demand in all categories in the domestic replacement…market.” However, profits were also assisted by a softening of historically high raw material costs in addition to double-digit percentage increases in domestic aftermarket sales.