Author: Editor

JAKARTA (Yosefardi) – PT Sumber Alfaria Trijaya (AMRT) Tbk, operator of Alfamart convenience stores, posted net loss of Rp38.6 billion in the first quarter of 2015 against profit of Rp10 billion in the corresponding quarter of 2014. Alfamart recorded sales revenues of Rp10.3 trillion in the quarter, grew by 11.8% from the same period of 2014. The convenience store managed to grow its gross profit to Rp1.98 trillion from Rp1.65 trillion in the first quarter of 2014, but higher selling & distribution expenses plus general & administrative expenses forced the company to post operating profit of Rp103.6 billion only, relatively flat compared to Rp102.65 billion in the first quarter of 2014. As finance costs jumped 54% to Rp145 billion, Alfamart recorded net loss of Rp38.6 billion in the...

JAKARTA (Yosefardi) – Bank Mutiara, controlled by Japanese company J Trust, booked net loss of Rp96.6 billion in the first quarter of 2015 as net interest income fell sharply by 50%. Bank Mutiara (BCIC) posted net interest income of Rp16.99 billion only in the quarter, dropped by 50% from the same period of 2014. While other operating income grew 68%, other operating expenses also jumped 38%, which forced the bank to post operating loss of Rp95.4 billion against profit of Rp29.7 billion in the first quarter of 2014. The bank then recorded net loss of Rp96.6 billion in the period against net profit of Rp12.1 billion in the first quarter of 2014. Bank Mutiara’s assets, meanwhile, declined slightly to Rp12.35 trillion, despite 23% growth in equity to Rp1.23 trillion....

JAKARTA (Yosefardi) – Bank Bukopin (BBKP) booked net profit of Rp198.14 billion in the first quarter of 2015, down 19.5% from the same period of 2014. Bukopin, whose assets grew slightly to Rp81.5 trillion as at March 31, 2015, recorded net interest and sharia income of Rp605.9 billion in the quarter, down from Rp629.96 billion in the corresponding period of 2014. Higher other operational expenses cut its operating profit to Rp261 billion from Rp317.15 billion in the first quarter of 2014. Deposits from customers, interestingly, grew 4.2% to Rp68.15 trillion only, while net loans and sharia financing/receivables was flat at Rp54.4 trillion....

JAKARTA (Yosefardi) – Composite index of Indonesia Stock Exchange (IDX) fell as much as 1.91% in the opening hour Monday (Apr 27) on weak results of blue chip companies in the first quarter of 2015. Shanghai composite, on the other hand, opened significantly higher by 2.47% to its multi-year high. Hang Seng also gained 1.45%, while Australia’s All Ordinaries advanced 0.7%. IDX composite was dragged down by blue chip stocks. Astra Agro Lestari fell almost 9% on poor results in the first quarter, while its parent, Astra International lost 1.9%. State bank Mandiri (BMRI) also collapsed 4.2%, while BRI and BNI lost 3.9% and 3.24% respectively. Telecommunication company XL Axiata, consumer goods Mayora Indah, and tin producer Timah also fell more than 4%...