JAKARTA (Yosefardi) – PT Bakrie & Brothers Tbk (BNBR) booked net profit of Rp149.52 billion in 2014, against loss of Rp12.72 trillion in 2013.
Net revenues grew by 22.3% to Rp6.38 trillion from previous Rp5.21 trillion. Cost of revenues rose 10% to Rp3.85 trillion. Interest and financial charges fell 47% to Rp598.98 billion.
Fair value changes of derivatives also dropped 80% to Rp540 billion. Loss on foreign exchange fell 84% to Rp163 billion from previous Rp1.03 trillion. Write-off and provision for impairment losses was Rp1.02 billion last year, compared to Rp1.1 trillion in 2013.
Then total expenses dropped 61% to Rp6.11 trillion from Rp15.68 trillion in 2013.
BNBR’s assets totaled Rp11.29 trillion while liability amounted Rp13.38 trillion. It has cash and cash equivalent of Rp279.17 billion.