Pupuk Indonesia Mulls IPO

JAKARTA (Yosefardi) – State fertilizer company PT Pupuk Indonesia mulls to launch the initial public offering (IPO), to raise proceed or fund for construction of new factory. The company plans to build 6 factories within 10-15 years ahead with investment cost of...

Argo Pantes and Indorama Suffer Losses

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...

Sritex’s Profit Grows 29.6%

JAKARTA (Yosefardi) – Textile giant PT Sri Rejeki Isman Tbk (SRIL), otherwise popular as Sritex, booked net profit of US$38.3 million in January-September 2015 period, grew by 29.6% from US$29.5 million in the corresponding period of 2014. Cost efficiency and rupiah...

Impack Pratama Posts 9% Decline in Profit

JAKARTA (Yosefardi) – Plastic and construction material producer PT Impack Pratama Tbk (IMPC) booked profit of Rp110 billion in first half of 2015, declined 9% from Rp121.5 billion in the corresponding period of 2014. Net sales fell 7.6% to Rp643 billion from previous...