BISI International to Expand to India

JAKARTA (Yosefardi) – PT BISI International Tbk plans to expand to India next year, to build seed factory which will cost Rp50 billion. BISI sells seed valuing US$5 million, equivalent Rp65 billion per year. In Asia, the import of seeds are largerly from China...

Banyan Tri Turns to Profit

JAKARTA (Yosefardi) – PT Tri Banyan Tirta TBk (ALTO) posted net profit of Rp1.6 billion in first half of 2016, against loss of Rp11.2 billion in the same period of 2015. Sales rose 28% to Rp167.16 billion. Sales of water in packaging increased 9.6% to Rp68.53...

Soechi Lines Converts Debt to Dollar

JAKARTA (Yosefardi) – Shipping firm PT Soechi Lines Tbk (SOCI) plans to convert all its rupiah debt into dollar, aiming to minimise impact from currency fluctuation and avoiding foreign exchange (forex) loss. The appreciation of rupiah has led SOCI to suffer...

Rukun Raharja’s Profit Drops 59.6%

JAKARTA (Yosefardi) – PT Rukun Raharja (RAJA) booked net profit of US$2.3 billion in the first half of 2016, dropped 59.6% from Rp5.7 million in the corresponding period of 2015. Revenues fell 6.1% to US$77.3 million from previous US$82.02 million. The...