Publicly listed PT Metrodata Electronics, one of the country's largest IT companies, reported a 66.85 percent year-on-year decline in net profit, to Rp 7.83 billion (US$828,000), during the first nine months this year on increased overhead.
The company's financial report, released Friday, showed Metrodata made Rp 2.32 trillion in sales as of September 2009, an increase of only 0.3 percent from last year's Rp 2.31 trillion.
Overhead, meanwhile, soared to Rp 180.37 billion, a 53.1 percent increase from the same period in 2008.
Much of the operational cost, 66.7 percent, was allocated for employees' salaries, which amounted to Rp 120.25 billion, up from Rp 88.48 billion last year.
The company, including its subsidiaries, employed 1,426 people as of September 2009, representing an increase of 226 employees from last year.
Metrodata Electronics has two distinct business divisions.
The first division focuses on the distribution of IT hardware such as data storage devices, terminals and memory devices.
This division suffered a Rp 1.93 billion in loss as of the third quarter of 2009, while during the same period last year, the division recorded net profit of Rp 1.43 billion.
The second division focuses on providing solutions, offering various IT services that include IT consultation, hardware rental, training and software system management assistance.
The division managed a net profit of Rp 9.76 billion, down from Rp 22.19 billion in the same period a year earlier.
In 2004, the company began to manufacture its own computers under the brand name ION.
Metrodata also distributes leading global IT brands such as Fujitsu, Dell, Epson, Hewlett-Packard, IBM, Oracle, SAP Business One and Huawei.
Four of the company's 10 subsidiaries are located overseas. They include Soltius Asia Pte. Ltd. and TTS-Infotech Pte. Ltd., based in Singapore; Soltius Limited in Thailand, and Soltius Australia Pty. Ltd. in Australia.
All of the foreign-based subsidiaries focus on software consultancy businesses. (bbs)
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