Author: Bahrul Qamar

Bank Jateng Post Profit Rp467 Billion

JAKARTA (Yosefardi) – PT Bank Pembangunan Daerah Jawa Tengah (Bank Jateng) posted profit after tax of Rp467 billion in first half of 2015, grew by 16.14% from Rp402 billion in the same period of 2014. Net interest income rose 12.64% to Rp1.23 trillion from previous Rp1.09 trillion. Net interest margin (NIM) was 7.24%. Operating profit however declined 0.4% to Rp653 bilion from ealier Rp655 billion. Its assets totaled Rp46.19 trillion of which credits amounted Rp28.07 trillion. The bank’s liability reached Rp42 trillion, of which time deposits and demand deposits accounted for Rp18.08 trillion and Rp14.9 trillion respectively. The bank’s...

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Bank Kalbar Posts 11.38% Profit Drops

JAKARTA (Yosefardi) – Regional bank PT Bank Pembangunan Daerah Kalimantan Barat (Bank Kalbar) posted net profit of Rp145 billion in the first half of 2015, declined 11.38% from Rp163 billion in the same period of 2014. Net interest income rose 4.02% to Rp451 billion from previous Rp434 billion but operating profit declined 5.94% to Rp195 billion from earlier Rp207 billion. The bank’s assets grew by 24% to Rp13.92 trillion. Loans increased 3.17% to Rp7.76 trillion. Provision of loans jumped 47% to Rp59 billion from previous Rp40 billion. Its liability also rose 26.69% to Rp12.36 trillion. Demand deposits increased soared 181% to Rp5.44 trillion while saving accounts dropped 20.97% to Rp3.44 trillion. Time deposits increased 2% to Rp3.13 trillion....

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Japfa Comfeed Suffers Loss Rp252 Billion

JAKARTA (Yosefardi) – PT Japfa Comfeed Tbk (JPFA), one of the largest integrated poultry players in Indonesia, suffered loss of Rp252 billion in the first half of 2015, against profit of Rp363 billion in the same period of 2014. Revenues declined 0.4% to US$12.15 trillion from previous Rp12.19 trillion but operating profit dropped 53% to Rp352 billion from earlier Rp746 billion. Its assets reached Rp16.8 trillion while liability amounted Rp11.9 trillion. JPFA attributed the loss to falling average prices of day-old-chick (DOC) due to oversupply. The government of Indonesia asks the players in this sector to cut DOC production by 20% this year. JPFA expects growth around 10% this year, depending on developments in DOC in the second...

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Hero Turns to Loss, Revenues Up 15%

JAKARTA (Yosefardi) – Retailer PT Hero Supermarket Tbk (HERO) suffered loss of Rp32 billion in the first half of 2015, against profit of Rp95 billion in the same period of 2014. Revenues increased 15% to Rp7.48 trillion from previous Rp6.5 trillion. Its assets reached Rp8.97 trillion and liability amounted Rp3.54 trillion. “The commercial strategy continues to be pursued in the implemented to reduce the impact half of 2015,” said Stephane Deutsch, Hero’s President Director. As at 30th June 2015, the Company operated 641 stores, comprising 53 Giant Ekstra, 155 Hero Supermarket and Giant Ekspres, 337 Guardian health and beauty stores, one IKEA and 95 Starmart convenience...

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Goodyear Turns to Loss

JAKARTA (Yosefardi) – Tire manufacturer PT Goodyear Indonesia Tbk (GDYR) suffered loss of US$0.35 million in the first half of 2015, compared to profit US$279.642 in the same period of 2014. Revenues was flat at US$79.25 million while operating profit dropped 84% to US$0.21 million, from US$1.32 million in the first half of 2014. GDYR’s assets reached US$118.05 million while liability amounted US$63.17...

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