Author: Umar Ghofur

Keramika Indonesia Suffers Loss, Arwana’s Profit Drops

Posted by | November 6, 2015 | , , | 0 |

JAKARTA (Yosefardi) – Ceramic producer PT Keramika Indonesia Assosiasi Tbk (KIAS) suffered loss of Rp48 billion in the first nine months to September of 2015 period, againsts profit Rp78 billion in the corresponding period of 2014. Revenues declined 7.2% to Rp609 billion. Sales to PT Kokoh Inti Arebama Tbk, major distributor of the group, represented 95.5% of total sales. Cost of revenues rose 4.4% to Rp570.68 billion from previous Rp546.59 billion and operating cost also doubled to Rp86.8 billion. KIAS’ assets reached Rp2.46 trillion while liability amounted Rp306 billion. Meanwhile ceramic producer PT Arwana Citra Mulia Tbk (ARNA) posted 19.6% drop in net profit to Rp53 billion in the period, from previous Rp66 billion. Revenues fell 22.7% to Rp920 billion from earlier Rp1.19 trillion. Sales to PT Catur Sentosa Adiprana Tbk, related party, amounted Rp690 billion or 77.3% of total sales. ARNA booked forex loss of Rp14.39 billion. Its assets reached Rp1.4 trillion while liability amounted Rp516...

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Argo Pantes and Indorama Suffer Losses

Posted by | November 6, 2015 | , , | 0 |

JAKARTA (Yosefardi) – Garment producers PT Argo Pantes Tbk (ARGO) suffered loss of US$11.4 million in the first nine months to September of 2015, compared to loss US$12.5 million in the same period of 2014. Revenues dropped 59% to US$34.6 million. Customers with 10% sales are Tootal and Lodway Trading Limited, Singapore. Its assets reached US$141.4 million while liability amounted US$174.5 million. PT Indorama Synthetics Tbk (INDR) also suffered loss of US$5.65 million for the period, against profit US$940,967 a previous year. Revenues declined 10.4% to US$481 million and operating profit dropped 49.4% to US$9.9 million. The company booked foreign exchange (forex loss) of US$4.8 million, widened from previous US$2.49 million. Its assets reached US$775 million while liability amounted US$482 million. Meanwhile PT Roda Vivatex Tbk (RDTX) posted 15% growth in net profit to Rp201 billion, from Rp174 billion a year earlier. Revenue declined 7.3% to Rp313 billion but cost of goods sold and building operation dropped 33% to Rp83 billion from previous Rp124 billion. Its assets reached Rp1.8 trillion while liability amounted Rp283 billion. (Tantri D.W contributed to this...

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Exploitasi Energi and MNC Sky Suffered Widened Losses

Posted by | November 6, 2015 | , , | 0 |

JAKARTA (Yosefardi) – Coal company PT Exploitasi Energi Indonesia Tbk (CNKO) suffered loss of Rp150 billion in first nine months to September of 2015, widened 59% from loss Rp95 billion in the same period of 2014. Revenues declined 20.4% to Rp678 billion from previous Rp853 billion. Coal sales dropped 23.4% to Rp573 billion from previous Rp748 billion. Its assets reached Rp5.86 trillion while liability amounted Rp2.88 trillion. PT MNC Sky Vision Tbk (MSKY) suffered loss of Rp620 billion in the period, widened from loss Rp28 billion a previous year. Revenues only declined 0.9% to Rp2.41 trillion but it booked foreign exchange (forex) loss of Rp690 billion, compared to Rp64 billion loss a year earlier. MSKY’s assets reached Rp6.26 trillion while liability amounted Rp5.29...

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Puradelta Posts 49% Profit Growth

Posted by | November 5, 2015 | , , | 0 |

JAKARTA (Yosefardi) – Industrial estate developer PT Puradelta Lestari Tbk (DMAS) booked net profit of Rp1.2 trillion in first nine months to September of 2015 period, grew by 49% from Rp819 billion in the corresponding period of 2014. Net profit margin was 71.8%. Revenues rose 30.8% to Rp1.7 trillion from previous Rp1.3 trillion. Operating profit increased 18.5% to Rp1.02 trillion from earlier Rp861 billion. Operating profit margin was 59.9%. Its assets reached Rp8.53 trillion while liability amounted Rp937...

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AKR Corporindo Posts 55.5% Profit Growth

Posted by | October 30, 2015 | , , | 0 |

JAKARTA (Yosefardi) – PT AKR Corporindo Tbk (AKRA) booked net profit of Rp874 billion in the first nine months to September of 2015 period, grew by 55.5% from Rp562 billion profit in the corresponding period of 2014. Net profit margin was 5.6%. Revenues declined 11.5% to Rp15 trillion but operating profit rose 42.5% to Rp1.08 trillion. Operating profit margin was 7.2%. Revenues from trading and distributing petroleum reached Rp11.09 trillion and revenue from trading and distributing basic chemical was Rp2.62 trillion. Revenues from manufacturing reached Rp578.68 billion and Rp584.23 billion revenue from logistic services. AKRA assets reached Rp15.9 trillion while liability amounted Rp8.88...

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