Category: Market and Commercial

Bakrie and Brothers Record Rp 8.3 Billion Profit, sales drop 96%

Published / by jiukuaiy

PT Bakrie & Brothers Tbk (Bakrie) recorded a profit of Rp 8.36 billion in the first half of 2013, this profit plunged 96% compared to the same period last year of Rp 214.35 billion. The company’s revenue in the same period also fell.

Bakrie Group revenue was recorded Rp 1.95 trillion, down from the acquisition of the first half of 2012 which reached Rp 11.39 trillion.

“It is down when compared to the first half of 2012 revenue gains. This is due to the deconsolidation of our subsidiaries, namely Bakrie Petroleum International Pte. Ltd.. and Subsidiaries, “said President Director of Bakrie and Brothers Bobby Gafur in a press release on Wednesday (07/31/2013).

While the Company’s profit attributable to the parent entity, in the same period also fell from Rp 61.23 billion to Rp 4.86 billion.

“This solid base we believe will further solidify BNBR performance in the future. We will continue to try to push spending and increase business efficiency, “said Bobby.

Bobby explained, during the first six months of 2013, the management company of Bakrie & Brothers has been pressing burden significantly, interest expense and finance in particular through the reduction of the debt portion.

Therefore the Company’s interest expense and finance fell by 78% or Rp 603 billion from Rp 775.79 billion in the first half of 2012, to just stay Rp. 172.78 billion at the end of the first half of this 2013.

Mayora Record Profit Growth 34.28%

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PT Mayora Indah Tbk (MYOR) recorded a profit attributable to owners of the parent rose 34.28 percent to Rp451, 51 billion in the first half of 2013 from the same period the previous year Rp336, 23 billion.

As quoted from disclosure, on Wednesday (31/07/2013), the increase in profit was also followed by an increase in the first half of 2013 the company’s revenues were up 6.5 percent to Rp 5, 79 trillion, compared with the previous Rp 5, 44 trillion.

Cost of sales of the company’s first half of 2013 decreased slightly to Rp 4, 30, earlier than Rp 4 trillion, 32 trillion. Gross profit in the first half of 2013 increased to Rp1, 49 trillion compared to previous Rp1, 12 trillion. Burden of the company’s sales rose to Rp679, 45 billion from Rp512, 44 billion.

The Company earned interest first half of 2013 rose to Rp13, 80 billion as compared to the previous Rp 6, 96 billion. Rental income rose to R1, 36 billion in the first half of 2013 from the same period a year earlier R1, 12 billion.

Meanwhile, the company’s profit before tax rose to Rp587, 50 billion in the first half of 2013 from the same period the previous year Rp435, 59 billion.

Total liabilities of the company on June 30, 2013 decreased to Rp 5, 14 trillion compared to period ended 31 December 2012 amounting to Rp 5, 23 trillion. The company’s equity rose to Rp3, 52 trillion in the first half of 2013 from December 31, 2012 amounting to Rp3, 06 trillion.

The existence of the Industrial Bank Could Push Manufacturing Sector

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MAKASSAR – Proposed Ministry of Industry (Ministry of Industry) regarding the presence of special industrial rated bank could trigger industrial growth better.
Economic observers Hasanuddin University, Syarkawi Rauf explained by the existence of special or specific bank serving the industry could trigger industrial growth in the business sector. The same thing happens in China.
“They have a lot of banks aimed at channeling funding priority activities, such as agriculture with agricultural bank, industrial bank industry, and others,” he said in Makassar on Thursday (25/07/2013).
For this project, the government should include the estimated capital above Rp 5 trillion, so the banks can get three books with high flexibility to manage business products.
DPD Chamber of Commerce and Industry (Kadin) Sulsel also strongly supports the presence of industry-specific bank. Chairman of the Chamber of Commerce of South Sulawesi, Zulkarnain Arif, said the bank’s presence is needed to help businesses meet industry needs.
According to Zulkarnain, the bank line government regulations regarding the application of the rules on the management of raw materials before export overseas.
However, the Chairman of the Banks of South Sulawesi, Andrew Wongjaya, banks should assess the industry empowering government bank that already exist today.
“It should be the government’s existing bank actually asked to allocate credit in the field of industry on the percentage of the loan portfolio,” he explained.

Holcim Profit Down 7 Percent

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Cement plant Holcim Indonesia posted a profit of Rp 467 billion during the first half of 2013. This figure is down 7 percent compared to net income in the same period a year earlier.
In a financial statement released, the cement factory managed to collect revenue to Rp 4.482 trillion. The achievement is obtained from the optimization of product mix and distribution to meet the challenges of increased market supply of capacity and imports increase. The revenue is actually higher than last year which was only Rp 4.191 trillion.
However, because of higher distribution costs make profits become depressed. Additionally, the increased cost of sales and administrative as well as financial costs, have an impact on short-term profits.
Nevertheless, President Director, Eamon Ginley convey, the general performance of Holcim are on the rise. It can be seen from the increase in gross profit of 33 percent to 35 percent. Holcim also has distributed interim dividend of Rp 37 per share to be paid, 15% greater than the interim dividend last year.
“With this dividend, for sure Holcim continues to provide benefits to its shareholders, and to continue to implement strategies based on adding value to customers, and maximize the efficiency of capacity,” Ginley said in a release received Suara Merdeka.
Holcim Indonesia is currently working in the middle market of excess supply conditions. However, he expects this condition is temporary.
Cement demand continued to grow consistently in the medium and long term, because the Indonesian economy continues to grow. This is supported by the existence of government and private sector investment in infrastructure and housing needs is also continuing. Therefore, the development of new plant proyen Holcim in Tuban, East Java, will provide benefits to the company.
“The cost of distribution to major markets in East Java to be more efficient, and will ensure smooth supply and better service for customers,” adds Ginley.
1 Tuban cement plant will produce 1.7 million tons of cement per year and will start in accordance with the planned schedule. Cement mill will begin operations on in August this year.

Bank Mega Syariah Aims Rp 265 Billion Profit in 2013

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PT Bank Mega Syariah perseoran target by 2013 will reach 265 billion USD before taxes. The Company believes it is able to achieve the target.

This was revealed by the President Director of PT Bank Mega Syariah, Benny Witjaksono time press conference at Menara Bank Mega, Capt. Tendean Road, Jakarta (12/4/2013).

“In 2013, we have reached the target grossnya profit at Rp 265 billion, or after tax of Rp 198 billion. Course to secure this we have step by step,” he said.

Benny did not mention what the expansion to be able to achieve these targets. “We have also reached earlier illustrates that God willing will be up,” he added.

The target is higher than the company’s profit after tax in 2012, which reached Rp 184.8 billion. Said to Benny, corporate profits continue to experience positive trends. Characterized by increased earnings in 2012 amounted to 243.2% in 2011 compared to the previous which only reached Rp 53.8 billion.

Furthermore Benny said, profit after tax increased performance company supported by 3 main things. Among them is the better performance of the company, also in terms of business growth.

“First petumbuhan business itself. Both increase employee productivity, the third, we are very successful in controlling operating costs,” he concluded.

Suzuki Immerse Capital Rp 10 Trillion

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The sweetness of the Indonesian automotive market become a magnet for world-class car manufacturers investments. Companies from Japan, Europe, America and even Korea are competing to build factory in Indonesia to pick up supplies of raw materials and cheap labor and huge market niche.
After decades exist in Indonesia, Suzuki Motor Corp. will infuse money back in large numbers. AFP reported Suzuki plans to invest 100 billion yen, or about Rp 10 trillion for the sake of making Indonesia their production base in Asia.
Small type of vehicle manufacturers that will spend 60 billion yen of which to build a new assembly plant. Previously Suzuki also has plans to invest 40 billion yen to build an engine factory outside Jakarta. The investment plan has been announced since the end of 2012.
With a total investment of 100 billion yen, Suzuki hopes to create a comprehensive network system. Suzuki will enter the passenger vehicle segment lightweight and fuel efficient (low cost green car / LCGC) and held until the beginning of the production process of final assembly in Indonesia. The factory is scheduled to become active in 2014.
With this new plant, the production capacity of Suzuki in Indonesia can be increased from 150 thousand units to 200 thousand units per year. This additional production capacity to accommodate assembly LCGC cars which are expected to dominate the Indonesian market in the coming years.
Moreover, previously, Suzuki has expressed an interest to become one of the LCGC. With the entry in this scheme, Suzuki could get fiscal incentives from the government of Indonesia in the form of tax exemptions.
As is known, the Indonesian government recently issued rules for LCGC incentives. With this scheme, the manufacturer shall make fuel-efficient cars with a price under $ 100 million.
Lately, the existence of a Japanese automotive manufacturer gaining strength in Southeast Asia. This region is considered as one of the key markets for the growth of the middle class is quite large and can provide cheap labor. In Southeast Asia, Suzuki already has a production base of 2.88 million vehicles assemble or half of the global production.

Semester I, SMGR Raup Profit Rp 2.58 Trillion

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PT Semen Indonesia Tbk (SMGR) posted a net profit of Rp 2.58 trillion, up 22.9 percent from the same period in 2012.
Dwi Soetjipto, Semen Indonesia President Director, said the company’s net profit growth driven by revenue growth by 31.9 percent to Rp 11.4 trillion a year earlier in 2012 amounted to Rp 8.6 trillion.
According to Dwi, total revenue was supported by the cement sales volume stood at 12.23 million tons, an increase of 18.3 percent over the same period last year amounted to 10.32 million tonnes, which consists of domestic sales volume amounted to 12.14 million tons (up 18.0 percent) and export sales of 0.09 million tonnes (up 170 percent).
Growth that exceeded the national cement sales volumes (industry) which grew 7.5 percent in the first half of 2013 to 27.83 million tons from 25.89 million tons.
“The increase in sales is outpacing the growth of the Indonesian Cement industry plant operations supported by Tonasa Tuban IV and V, so that we are able domestic market share increased to 43.6 percent from 40.9 percent last year.” Said dwi.
Most of the company’s revenue comes from the domestic market amounted to Rp 10.91 trillion, equivalent to 95.53 percent of total revenue in the first half of this year, an increase of 26.42 percent compared to the 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. In the first half of 2013, the Java market accounted for revenue of Rp 5.72 trillion (52.43 percent of total domestic sales).
While consumers outside of Java contribute to revenue of Rp 5.19 trillion or 47.57 percent 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 percent compared to overseas sales in the first half of last year which was only Rp 30.34 billion.

Gets Pinasthika Profit Partners Rp 248 Billion, Up 36%

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Net profit of the company-owned automotive parts Uno Uno, PT Mustika Pinasthika Mitra Tbk (MPMX) reached Rp 248.33 billion in the first half of 2013, growing 36.2% over the same period last year periodeyang Rp 182.31 miiliar.

In addition, the company also recorded a net income of Rp 6.78 trillion, up 31% from the same period in 2012 amounted to Rp 5.18 trillion.

Gross profit also rose by 35% from Rp 750.69 billion in the first half of 2012 to Rp 1.02 trillion in the first half of 2013.

Director MPMX Tossin Hima explains, a significant increase in financial performance is in line with the Company’s solid operating performance. For example, under the vehicle rental business MPMRent significantly increase its fleet to 74% in the first 6 months of 2013 reached 12,104 units.

He also mentioned, total assets also increased 20% from last year’s Rp 9.07 trillion to Rp 10.88 trillion in the first semester of 2013. According to him, a solid financial performance is the result of hard work, good strategy and strengthened by the excellent execution.

“Achieving good performance in the first semester of 2013 was above the average growth of the industry and consistent with the Company experienced growth in recent years. This proves MPMX commitment in keeping what is our promise to the stakeholders, particularly shareholders and investors, the growth of a healthy and sustainable business, “Tossin said in a statement in Jakarta, Monday (22/07/2013).

He said the vehicle rental business market in Indonesia is divided and spread out in various areas and MPMX MPMRent benefit from having more than 20 years experience in this business.

“The experience and deep understanding MPMRent makes us more observant and aggressive in capturing and realizing opportunities in the vehicle rental business, especially in the corporate sector nationwide,” said Tossin.

In addition, Honda motorcycles for distribution business, especially in the area of ​​East Java and East Nusa Tenggara, sales rose by 26% to reach 447,578 units in the first semester 2013.

Meanwhile, the Honda motorcycle sales nationwide rose 12% and sales of motorcycles grew only 6% of the months January to June 2013.

Increased sales of motorcycles as well as the number of middle-class people in Indonesia, helped push sales of lubricants business MPMX growing more than 10% to reach 32.12 million liters of oil.

Impact of Selling Assets in 2011, Merck Profit Drops 53%

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Pharmaceutical and chemical company, PT Merck Tbk recorded a decrease in net income in 2012. The German issuers, incised profit of Rp 108 billion, down 53.24% from the previous period which amounted to Rp 231.16 billion.

Director of Finance Bambang Nurcahyo explain, the decline in 2012 net profit, due in 2011, the company is selling assets. This has an impact on revenues soaring Merck in 2011, while in 2012, there is no asset sales.

“The decline in performace 2012, causes the 2011 to sell property assets and Kemang BSD net profit of Rp 70 billion. Assets sold in 2011,” said Bambang at Public Expose Merck headquarters in Pasar Rebo, East Jakarta, Wednesday (20/03/2013).

In 2012, Merck’s sales reached Rp 930 billion, up 1.18% from the 2012 period amounted to Rp 919 billion. This sale, supported by three business units namely Chemicals Rp 359 billion, Merck Serono worth Rp 405 billion and Rp Consumer Healthcare 166 billion.

Merck also will perform a dividend of Rp 75 billion to shareholders. However, Bambang reluctant to mention the target profit, revenue and business plans and capital expenditures in 2013.

PT Intiland Record 70 Percent Increase in Net Income

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Intiland Development (Intiland) recorded an increase in its net profit by 74.85 percent to Rp140, 48 billion compared to the previous acquisition valued at Rp80, 18 billion. The increase also followed the company’s operating profit also increased by 76.17 percent to Rp250, 62 billion compared to the previous.

Director of Investments and Capital Management Intiland Pradono Archied Noto explained, the increase was primarily due to the soaring profitability of the company’s total operating revenues. Value of revenues increased in all business segments, both derived from real estate development, mixed-use and high rise, industrial, and hospitality.

“The first six months of this year, the property market is prospective and the trend is likely to increase people’s needs. This phenomenon is also reflected in revenue growth Intiland, either from development or re-curring income income, “he said in a written statement on Sunday (07/28/2013).

Based on financial statements as of June of 2013, the company posted revenue of 764.89 billion, up 44.12 percent compared to the first half of 2012. Increased revenues are primarily derived from the sale of residential and industrial areas.

“The increase in sales due to the recognition of revenue from the segment of residential areas, especially from Graha Natura project at Talaga Bestari in Surabaya and Tangerang, as well as sales of Ngoro Industrial Park II,” said Archied

Further, revenue from development (development income) stood still the largest contributor to the company’s valued at Rp687, 78 billion, or 89.92 percent of the total operating revenues Intiland. The number surged Rp224, 11 billion, up 48.33 percent compared to the first half of last year.

Real estate development segment was the largest contributor by contributing sales of Rp324, 91 billion or 42.47 percent reach. That number has increased by 30.16 percent compared Rp249, 62 billion in the first six months of last year.
The next largest contributor by Archied, derived from the industrial park development segment with sales valued at Rp185, 46 billion or 24.24 percent of the total revenue.

Compared to the first half of last year’s acquisition amounted to Rp46, 06 billion this year then its value soared up to four times. Development of mixed-use and high rise recorded contributed Rp177, 41 billion or 23.19 percent.

Meanwhile, for a sustainable income, Intiland recorded at Rp77, 10 billion, or 10.08 percent of total company revenue. This number is up 14.98 percent compared to the first half of last year. Revenues from the office segment reached Rp45, 51 billion or contributed 5.94 percent, followed by contribution of sport and golf is reached Rp21, 75 billion (2.84 percent), as well as the hospitality segment Rp9, 85 billion (1, 28 percent).