Ramayana net profit fell last year<\/p>\n
JAKARTA: Indonesian retailer PT Ramayana Lestari Sentosa said on
\nMonday that its net profit fell to Rp 299.68 billion in 2002 from
\nRp 320.08 billion a year earlier, mainly due to declining
\ninterest income.<\/p>\n
The company, whose customers are mainly those at the lower end
\nof the middle-income group, said interest income slipped to Rp
\n58.26 billion from Rp 74.34 billion due to falling interest rates
\nin the country. Ramayana has large deposits in banks, the company
\nsaid.<\/p>\n
Gross profit rose to Rp 917.16 billion from Rp 772.92 billion
\na year earlier.<\/p>\n
Operating income increased to Rp 315.73 billion from Rp 303.78
\nbillion. -- Dow Jones<\/p>\n
;DJ;
\nANPAf..r..
\nCorporateBrief-banpu-revenues
\nBanpu to post higher revenues
\nJP\/<\/p>\n
Banpu to post higher revenues<\/p>\n
BANGKOK: Banpu PCL, a Thai coal miner and power producer, expects
\nto post higher sales this year due to rising production from its
\nIndonesian coal mines, the company's chief executive said.<\/p>\n
Banpu's sales this year will likely reach 13 billion baht with
\na net profit around 1.4 billion baht, said Chanin Vongkusolkit
\nlate on Friday.<\/p>\n
In 2002, its sales totaled 10.91 billion baht, with a net
\nprofit of 1.45 billion baht.<\/p>\n
\"Our bottom line this year would be mostly from our operations
\nas we would not have the foreign-exchange gain as recorded last
\nyear,\" said Chanin.<\/p>\n
In 2002, it booked a foreign-exchange gain of 616.3 billion
\nbaht.<\/p>\n
Production from Indonesia coal mines is expected to rise 7
\npercent to 12 million metric tons this year, while production
\nfrom Thai coal mines will stay around 3 million tons, about the
\nsame as last year, said Chanin.<\/p>\n
In 2005, Banpu's sales are expected to rise to 18 million tons
\na year in line with growing coal demand in Asia, he said.<\/p>\n
Chanin said the company is looking at opportunities to operate
\ncoal-fired power plants in India, Indonesia and the Philippines
\nin a bid to add value to its coal business.<\/p>\n
The investment for each project would be in the range of
\nUS$100 million to $300 million, and each project would generate
\n100-300 megawatts of electricity, he said. -- Dow Jones<\/p>\n
;DJ;
\nANPAf..r..
\nCorporateBrief-BII-profit
\nBII returns to profit in 2002
\nJP\/<\/p>\n
BII returns to profit in 2002<\/p>\n
JAKARTA: Bank Internasional Indonesia (BII) said on Monday it
\nposted a net profit of Rp 132.52 billion (US$14.9 million) last
\nyear against a loss of Rp 4.13 trillion in 2001 due to an asset
\nwrite-back.<\/p>\n
The company booked interest income of Rp 3.09 trillion, down
\nfrom Rp 3.33 trillion the previous year.<\/p>\n
It recorded a net interest loss of Rp 49.30 billion against a
\nnet interest profit of Rp 40.62 billion a year earlier.<\/p>\n
But it posted an operating profit of Rp 86.76 billion against
\na loss of Rp 3.60 trillion in 2001 thanks to the write-back of a
\nRp 736.04 billion rupiah assets provision write-off.<\/p>\n
At the end of 2002, BII's capital adequacy ratio rose to 33.21
\npercent from a negative 47.41 percent. The sharp rise was mainly
\nattributable to government recapitalisation through a Rp 4.8
\ntrillion rights issue last year.<\/p>\n
The Indonesian Bank Restructuring Agency took over BII as part
\nof a massive bank bailout after the 1997\/98 financial crisis. --
\nAFP<\/p>\n
;DJ;
\nANPAf..r..
\nCorporateBrief-Telkom-profit
\nTelkom's profit doubled last year
\nJP\/<\/p>\n
Telkom's profit doubled last year<\/p>\n
JAKARTA: PT Telekomunikasi Indonesia (PT Telkom), a state-
\ncontrolled telecommunication company, on Monday said 2002 net
\nprofit nearly doubled from a year earlier, thanks to higher
\nrevenue contributions from its cellular and fixed-line divisions.<\/p>\n
Net profit surged to Rp 8.345 trillion from Rp 4.250 trillion
\nin 2001, while revenue rose 33 percent to Rp 21.399 trillion from
\nRp 16.131 trillion.<\/p>\n
Its cellular business contributed revenue of Rp 6.226
\ntrillion, up 32 percent from Rp 4.708 trillion a year earlier.
\nRevenue from the cellular division made up around 29 percent of
\ntotal revenue.<\/p>\n
The company said revenue from fixed-line services expanded 30
\npercent to Rp 8.327 trillion - making up around 38 percent of
\ntotal revenue - from Rp 6.415 trillion in 2001.<\/p>\n
Telkom currently has around 5 million cellular subscribers and
\noperates more than 7.5 million domestic lines throughout
\nIndonesia.<\/p>\n
The Indonesian government owns a 51.2 percent stake in Telkom
\nand the public holds the remaining 48.8 percent.<\/p>\n
Telkom has a 65 percent stake in Telkomsel, while Singapore
\nTelecommunication Ltd. owns 35 percent. -- Dow Jones<\/p>",
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