JAKARTA (Yosefardi) – State-owned PT Bahana Pembinaan Usaha Indonesia (BPUI) booked net profit of Rp78 billion in the first half of 2015, dropped 27.1% from Rp107 billion in the corresponding period of 2014. Net profit margin was 26.4%.
Revenues fell 53.5% to Rp295 billion from previous Rp634 billion. Operating profit dropped 83.6% to Rp18 billion from earlier Rp109 billion. Operating profit margin was 6%.
Its assets totaled Rp3.9 trillion while liability amounted Rp3.28 trillion. Equity reached Rp669 billion, then liability to equity ratio was 490%.
BPUI has 4 subsidiaries; securities firm PT Bahana Securities, PT Bahana TCW Investment Management, PT. Bahana Artha Ventura (BAV), and PT. Graha Niaga Tata Utama.
Bahana TCW Investment Management (Bahana TCW) is joint venture with Trust Company of the West (TCW), a Los Angeles-based reputable investment management company. (rully@yosefardi.biz)