Indocement posts Rp 1t in net profit<\/p>\n
JAKARTA: Indonesia's second largest cement producer PT Indocement
\nTunggal Prakarsa said on Monday it booked a net profit of Rp
\n1.041 trillion (about US$110 million) in 2002, swinging from net
\nloss of Rp 63.1 billion in 2001 thanks to foreign exchange gains.<\/p>\n
The company said net foreign exchange gains amounted to Rp
\n848.8 billion during the reporting year, compared with Rp 319.5
\nbillion in losses a year earlier, as the rupiah appreciated
\nagainst the dollar.<\/p>\n
Indocement, like many Indonesian companies, is exposed to the
\nrupiah's fluctuations due to its dollar-denominated debt.<\/p>\n
Its net revenues rose to Rp 3.948 trillion from Rp 3.453
\ntrillion, which drove gross profit up 20 percent to Rp 1.299 from
\nRp 1.082 trillion a year earlier. Germany's Heidelberger Cement
\nAG. owns a 61.70 percent stake in the company. -- Dow Jones<\/p>\n
;DJ;
\nANPAf..r..
\nCorporatebrief-ExxonMobil-gas
\nExxonMobil finds huge gas field
\nJP\/14\/Brief<\/p>\n
ExxonMobil finds huge gas field<\/p>\n
SYDNEY, Australia: Energy giant ExxonMobil said on Monday it had
\nmade what it believes to be the largest gas discovery in
\nAustralian waters.<\/p>\n
ExxonMobil Corp. said its Jansz gas field off Western
\nAustralia state holds around 20 trillion cubic feet of
\nrecoverable and saleable gas.<\/p>\n
\"ExxonMobil believes this to be the largest gas discovery ever
\nto have been made in Australian waters,\" Australian exploration
\ndirector Dough Schwebel said in a statement.<\/p>\n
\"Jansz now represents around 40 percent of the undeveloped
\ndiscovered gas resources in the deepwater Carnarvon Basin.\"<\/p>\n
The field covers 2,000 square kilometers. Production tests are
\nscheduled for mid-year. -- AFP<\/p>\n
;DJ;
\nANPAf..r..
\nCorporatebrief-Taiwan-airlines-cargo
\nTaiwan's two airlines hike cargo fees
\nJP\/14\/Brief<\/p>\n
Taiwan's two airlines hike cargo fees<\/p>\n
TAIPEI: Taiwan's two leading airlines said on Monday they are
\nraising their fees for Europe- and the U.S.-bound cargo flights
\nin reflection of rising market demand.<\/p>\n
China Airlines (CAL) raised the cost of cargo to Europe by 20
\npercent and the United States by 10 percent, while EVA Air
\nincreased its rates by 45-50 percent and about 10 percent
\nrespectively.<\/p>\n
\"The fare hikes mainly came from rising market demand. The
\nsecond quarter (April to June) is a traditional peak season for
\nexporters in Asia,\" a CAL spokesman said.<\/p>\n
A spokesman from EVA Air said the market demand has been also
\nboosted by a U.S.-led war against Iraq. -- AFP<\/p>\n
;DJ;
\nANPAf..r..
\nCorporatebrief-Dragonair-Airbus
\nDragonair leases 10th Airbus
\nJP\/14\/Brief<\/p>\n
Dragonair leases 10th Airbus<\/p>\n
HONG KONG: Hong Kong carrier Dragonair has signed a deal for the
\nlease of an Airbus A330 from U.S.-based International Lease
\nFinance Corp., the airline said on Monday.<\/p>\n
The wide-body aircraft will become the 10th Airbus A330
\noperated by Dragonair early next year under its ongoing fleet
\nexpansion plan, the airline said.<\/p>\n
Dragonair chief executive officer Staley Hui said the aircraft
\nwas \"necessary\" due to expected growth.<\/p>\n
\"Leasing the aircraft provides us with the flexibility we have
\nbeen building all along in our fleet,\" he said.<\/p>\n
Dragonair expects to have two A321s enter into service this
\nsummer, two A320s for delivery next year, and one A320 arriving
\nin 2005. -- AFP<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/indocement-posts-rp-1t-in-net-profit-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}