JAKARTA, March 22 (Reuters) - Shares in tire maker PT Gajah Tunggal Tbk rose 9.38 percent on Monday, continuing a rally from Friday when the firm reported it had turned to a profit in 2009 from a loss the previous year.
Gajah Tunggal reported net profit of 905.33 billion rupiah ($98.72 million) against a loss of 624.79 billion in 2008.
The shares rose to 700 rupiah, from 640 rupiah at the opening of the market, while the index was down 0.31 percent.
($1 = 9,170 rupiah)
(Reporting by Telly Nathalia; Editing by Sara Webb)
((sara.webb@thomsonreuters.com; Reuters messaging: sara.webb.reuters.com@reuters.net; +6221 384 6364 ext 901)) Keywords: GAJAHTUNGGAL INDONESIA/HOT (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Gajah Tunggal reported net profit of 905.33 billion rupiah ($98.72 million) against a loss of 624.79 billion in 2008.
The shares rose to 700 rupiah, from 640 rupiah at the opening of the market, while the index was down 0.31 percent.
($1 = 9,170 rupiah)
(Reporting by Telly Nathalia; Editing by Sara Webb)
((sara.webb@thomsonreuters.com; Reuters messaging: sara.webb.reuters.com@reuters.net; +6221 384 6364 ext 901)) Keywords: GAJAHTUNGGAL INDONESIA/HOT (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.