Bakrie Sumatra Falls 5% to All Time Low

JAKARTA (Yosefardi) – The troubled plantation company PT Bakrie Sumatra Plantations (UNSP) Tbk dropped another 5% to Rp55 Tuesday (June 11), the lowest level in its history. More than 41 million shares were exchanged hands in the morning session, while its...

Sumalindo Reports Profit After Years in Loss

JAKARTA (Yosefardi) – Forestry company PT Sumalindo Lestari Jaya (SULI) Tbk booked net profit of Rp16.7 billion in the first quarter of 2013 against net loss of Rp51.5 billion in the corresponding period of 2012. Sumalindo’s sales revenue actually dropped...