Merck and Taisho Post Profit Drop

JAKARTA (Yosefardi) – Pharmaceutical firm PT Merck Tbk (MERK) posted 14.7% drop in profit to Rp122 billion in first nine months to September of 2015 period, from Rp142 billion in the same period of 2014. Revenues rose 17.7% to Rp754 billion but operating profit...

PT PP Spends Rp876.79 Billon Capex

JAKARTA (Yosefardi) – State construction firm PT Pembangunan Perumahan Tbk (PTPP) spent Rp876.79 billion capital expenditure (capex) in first nine months to September of 2015 period, representing 48% of this year’s target (Rp1.8 trillion). PT PP said the...

Electronic Sales Expected to Drop 20%

JAKARTA (Yosefardi) – The electronic domestic sales is expected to drop by 20% to Rp32 trillion this year, compared to Rp40 trillion last year. The decline in people’s purchasing power amid the economic downturn is the main factor affecting sales drop for...

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...