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Hero's net profit drops 71.4%<\/p>\n
JAKARTA: Publicly listed retailer PT Hero Supermarket
\nannounced on Friday that its net profit in the first quarter of
\nthis year dropped by 71.4 percent to Rp 4.3 billion (US$497,109)
\ncompared to the same period last year.<\/p>\n
In a report to the Jakarta Stock Exchange, the company said
\nthe fall in net profit was attributed to rising sales costs from
\nRp 416 billion last year to Rp 495 billion.<\/p>\n
Hero said sales revenue increased slightly to Rp 622 billion
\nin the first quarter from Rp 541 billion in the same period last
\nyear.<\/p>\n
Operating costs jumped to Rp 121 billion from Rp 109 billion.
\n-- JP<\/p>\n
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Timah posts sharp increase in profit<\/p>\n
JAKARTA: State-owned mining company PT Timah announced on
\nFriday that its first quarter net profit soared sharply to Rp
\n27.1 billion (US$3.1 million) from Rp 1.1. billion in the same
\nperiod last year on cost-cutting measures and the higher price of
\ntin.<\/p>\n
The average price of tin in the quarter was about $4,010 per
\nton, or a 14.56 increase from the average price level from the
\nsame quarter last year.<\/p>\n
The publicly listed company said sales volume in the quarter
\nsoared by 82.85 percent to 14,717 tons, while revenue increased
\nby 75.7 percent to Rp 424 billion. -- JP<\/p>\n
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P&G Indonesia teams up with DNR<\/p>\n
JAKARTA: Consumer goods maker PT Procter & Gamble Indonesia
\n(P&G) appointed PT Dos Ni Roha (DNR) as the new distributor of
\nthe company's goods for Greater Jakarta and West Kalimantan, a
\ncompany press statement said on Friday.<\/p>\n
The company said that DNR had invested about Rp 6 billion
\n(US$639,641) to expand its distribution facilities.<\/p>\n
P&G, which operates in 160 countries, markets such well-known
\nproducts in Indonesia as Pantene, Rejoice, Head & Shoulder, Olay,
\nVicks F-44, Vicks Vaporub, Vicks Inhaler, Whisper and Pampers.<\/p>\n
P&G generated sales of $40 billion worldwide last year. -- JP<\/p>\n
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GM April sales off 9%<\/p>\n
DETROIT, Michigan : General Motors Corp. said its April sales
\nwere off nine percent year-on-year to 400,687 units, although its
\nsales mix skewed heavily towards its profitable truck lines.<\/p>\n
GM truck sales (244,965) were up 2 percent over a year ago,
\nwhile car sales in April (155,722) were down 22 percent from the
\nyear-ago level.<\/p>\n
Luxury car sales were also a bright spot: sales of Saab were
\nup 39 percent, while GM's revamped Cadillac brand was also
\nshowing some traction, with sales up 15 percent.<\/p>\n
"Both GM and the industry had a solid month in April, despite
\nsome hesitation in consumer attitudes," said John Smith, group
\nvice president of GM North America sales and marketing. "Sales of
\nGM luxury vehicles, large pickups and large utilities were strong
\neven with the exceptionally competitive environment."<\/p>\n
GM's 2003 second-quarter production forecast for North America
\nremains unchanged at 1.39 million units, off from 1.55 million
\nvehicles in the second quarter of 2002. --AFP<\/p>\n
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Unilever sees profits surge 45%<\/p>\n
ROTTERDAM, The Netherlands : Food giant Unilever boosted net
\nprofits by 45 percent in the first quarter, but sales slumped by
\n17.0 percent, the company said on Friday.<\/p>\n
Net profit by the Dutch-British group amounted to 637 million
\neuros (US$707 million) on the basis of current exchange rates
\nfrom 441 million euros in the first quarter of last year.<\/p>\n
The group, which has been restructuring since 2000, said that
\nbusiness at the beginning of the year had been slower than it
\nexpected.<\/p>\n
But it stood by a forecast in February signaling that net
\nearnings per share before allowance for exceptional charges and
\nthe writing down of the value of goodwill, or intangible assets,
\nwould rise by slightly more than 10 percent.<\/p>\n
The company noted that the fall of sales in the first quarter
\nhad been only 4.0 percent when calculated on the basis of
\nconstant, or comparable, exchange rates.<\/p>\n
Unilever said that the sales fall reflected the disposal of
\nassets under its plan for growth.<\/p>\n
This restructuring, launched in February 2000, is intended to
\nconcentrate the group on 400 core brands, a reduction from 1,600,
\nby 2004. --AFP<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/jp14m10-1447899208",
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"sponsor": "Okusi Associates",
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