PTPN V Posts Profit Rp26 Billion

JAKARTA (Yosefardi) – State plantation firm PT Perkebunan Nusantara (PTPN) V only booked net profit of Rp26 billion in the first half of 2015, far below its full year target of Rp259 billion. The poor achievement is mainly due to the drop in crude palm oil (CPO)...

PTPN X Suffers Loss Rp303.51 Billion

JAKARTA (Yosefardi) – State plantation firm PT Perkebunan Nusantara (PTPN) reported loss of Rp207 billion in the first half of this year, compared to loss of Rp303.5 billion in the same period of last year. Revenues dropped 76% to Rp618 billion from previous Rp351...

PLN Turns to Loss Due to Subsidy Cut

JAKARTA (Yosefardi) – State-owned electricity company PT Perusahaan Listrik Negara (PLN) suffered net loss of Rp10.5 trillion in the first half of 2015, against profit of Rp14.49 trillion in the corresponding period of 2014. Revenues from electricity sales increased...