Category: Market and Commercial

Indonesian Cement Net Profit Rises 22.9% First Half

Published / by jiukuaiy

JAKARTA – PT Semen Indonesia (Persero) Tbk recorded a growth of solid financial performance in the first half of 2013. Recorded a net profit of Rp 2.58 trillion or Rp 436 per share. The net income increased 22.9% from the same period in 2012.

In his press conference, Wednesday (31/7), Indonesian Cement said net profit growth is in line with the achievement of revenue of Rp 11.4 trillion. First half revenues increased 31.9% over the same period last year of Rp 8.6 trillion.

Total revenue was supported by the cement sales volume recorded 12.23 million tons, an increase of 18.3% over the same period last year amounted to 10.32 million tons. Consisted of domestic sales volume amounted to 12.14 million tonnes (up 18%) and export sales of 0.09 million tonnes (up 170%).

Meanwhile, the national cement sales volumes (industry) grew 7.5% to 27.83 million tonnes compared to the previous period of record 25.89 million tonnes.

Dwi Soetjipto, President Director of Semen Indonesia, said Indonesia’s cement sales growth outpacing industry growth supported the operation of plant Tonasa Tuban IV and V. Support was also obtained from the solid synergies, particularly in the areas of marketing and distribution in the Indonesian Cement Group.

“It makes us capable domestic market share increased to 43.6% from 40.9% last year. We will continue to expand the market from year to year, “said Dwi.

Lucky Cement Indonesia Rp 2.58 T in 6 Months, Up 23%

Published / by jiukuaiy

State-owned cement holding Indonesia Tbk, PT Semen successfully obtained a net profit of Rp 2.58 trillion in the first half of 2013. This profit rose 22.9% over the same period last year.

Semen Indonesia President Director Dwi Soetjipto said net profit was supported by the 31.9% increase in revenue to Rp 11.4 trillion. From the same period last year to Rp 8.6 trillion.

The income supported a total cement sales volume stood at 12.23 million tons, an increase of 18.3% over the same period last year amounted to 10.32 million tonnes, which consists of domestic sales volume amounted to 12.14 million tons (an increase of 18 %) and export sales of 0.09 million tonnes (up 170%).

While the national cement sales volumes (industry) grew 7.5% to 27.83 million tonnes compared to the previous period, which stood at 25.89 million tonnes.

“The increase in sales is outpacing the growth of the Indonesian Cement industry plant operations supported by Tonasa Tuban IV and V and the solid synergies, especially in the field of marketing and distribution in Indonesia Cement Group, so we were able domestic market share increased to 43.6% from last year’s 40 , 9%. We will continue to expand the market from year to year, “Dwi said in a press release on Monday (07/29/2013).

Most of the company’s revenue comes from the domestic market amounted to Rp 10.91 trillion, equivalent to 95.53% of total revenue in the first half of this year, an increase of 26.42% compared to sales in the same period last year of Rp 8 , 63 trillion.

Of the domestic market, the composition of the Indonesian Cement revenues derived from customers in Java and outside Java almost equal. Markets in Java contributed revenue of Rp 5.72 trillion (52.43% of total domestic sales), while consumers outside of Java contribute to revenue of Rp 5.19 trillion or 47.57% of total domestic sales.

In addition to maintaining dominance in the domestic market, Indonesian Cement continues to boost sales to foreign markets, especially countries in Southeast Asia.

From January to June this year, Indonesian Cement has achieved record revenues in foreign markets amounted to Rp 511.64 billion. This number jumped nearly 170% compared to overseas sales in the same period last year of Rp 30.34 billion.

PTPN Unified Create Largest Indonesian Sugar Factory

Published / by jiukuaiy

PT PTPN III, XI, and XII plans to build a sugar factory along with the name of PT Industri Gula Glenmore. Largest sugar mills in Indonesia later this stake by 60 per cent owned by PTPN III, PTPN XI 10 percent, and the remaining 30 percent had PTPN XII.

This determination was Minister of State-Owned Enterprises, Dahlan Iskan, in his office, Jakarta, Tuesday, July 23, 2013.

The plant will produce primary products and white sugar premium products such as bio-ethanol bandwagon, bio fertilizer, and animal feed.

The plant will be built with a processing capacity of six thousand tons of cane per day and will be increased to eight thousand tons per day in the end. At the beginning of production of the company is expected to earn as much as nine percent yield, so the premium of white sugar production could reach nine thousand tons.

The factory is located in East Java will be supplied entirely from plantation PTPN XII. The construction itself is expected to cost Rp1, 5 trillion.

“This plant should be completed within 22 months, since the completion of the project has been adapted to harvest sugar cane grown to be supplied to Glenmore. If it’s too late. Later sugarcane to be supplied to anybody,” said Dahlan.

Semester 1, Gas receipts Reaches 18.7 Billion U.S. Dollars

Published / by jiukuaiy

JAKARTA – State revenue from the management of the oil and gas industry-upstream (oil) in the first half of this year reached 18.7 billion U.S. dollars, or higher than the target of 18.4 billion U.S. dollars.

Meanwhile, oil production per day has reached 99 percent, or an average of 831 118 barrels per day from the target set in the state budget in 2013 amounted to an average of 840,000 barrels of oil per day.

Unit chief Special Executive Upstream Oil and Gas (Migas SKK) Rudi Rubiandini claims, the achievement is unprecedented in a period of 3 years.

“The achievement of national oil production up to 99 percent of the budget target has never happened within the last three years. During the period of last three years of national oil production performance was always below 99%,” he said, Wednesday (07/31/2013).

He said the success achieved oil production and revenues is the result of hard work in SKK Oil workers, all workers Cooperation Contract (PSC), leaders and workers in the Ministry of Energy and Mineral Resources and all stakeholders in the upstream oil and gas industry.

Therefore, Rudi appreciation to all stakeholders in order to increase production of oil and natural gas nationwide so that the target could be exceeded state revenues.

Although there are many unsuccessful PSC oil production exceeded the target set in the state budget in 2013, but some of them have worked very well exceed those targets.

Exceed Production

There are seven PSC, which surpassed the target of state budget in 2013, namely ConocoPhillips Indonesia Ltd, Vico Indonesia, Medco E & P Indonesia (S & C Sumatra), PHE ONWJ, Chevron Pacific Indonesia, Medco E & P Indonesia (Rimau) and ConocoPhillips (Grissik) Ltd..

The details are as follows: ConocoPhillips Indonesia Ltd managed to achieve oil production by an average of 34 867 barrels per day from the target in the state budget in 2013 amounted to 32 890.

Vico Indonesia managed to produce as much as 13,740 barrels of oil per day from the target of 13 010 barrels per day. Medco E & P Indonesia (S & C Sumatra) managed to produce 6,841 barrels of oil per day from the target of 6,630 barrels per day;

PHE ONWJ managed to produce 38 996 barrels of oil per day from the target of 38 080 barrels per day; Chevron Pacific Indonesia managed to produce 323 014 barrels of oil per day from the target of 319 430 barrels per day.

Medco E & P Indonesia (Rimau) managed to produce 14,086 barrels of oil per day from the target of 14,060 barrels per day.

For the PSC still can not meet the target set in the state budget-2013 as well as the target in the Work Programme and Budget (WP & B), Rudi hope they can improve their performance.

“Performance targets are not reached so soon improved to the national oil production target can also be exceeded. What we are doing right now is working for the State, for the national interest because it lets us collaborate and work together, “he said.

WIKA Rp 457 Billion Record Earnings, Up 29%

Published / by jiukuaiy

PT Wijaya Karya Tbk (WIKA) recorded a 29.2% rise in net profit in 2012, amounting to Rp 457.86 billion from Rp 354.50 billion in the previous period. This increase was driven increase in the turnover of SOEs.

WIKA’s coded sales reached Rp 9.82 trillion, up 26.9% from 2011’s Rp 7.74 trillion.

“The increase in sales in the year 2012 the profit growth in several business segments,” he disclosed WIKA 2012 financial statements, as quoted detikFinance, Tuesday (03/19/2013).

WIKA sales over the past year supported by six business segments namely construction, (civil and building), mechanical electrical, energy investment, concrete products (precast), realty and property, and manufacturing.

“Construction services, mechanical electrical, and energy investments are managed by the Parent Company accounts for 70.4% of total sales WIKA,” he added.

Water Dragon year, WIKA sales target company could reach Rp 11.86 trillion, up 20.8% from the realization in 2012 that amounted to Rp 9.82 trillion. While, for net income, is targeted to reach Rp 555.06 billion, up 21.2% from the figure for 2012.