Bira almost doubles profit

Bira almost doubles profit

JAKARTA (JP): The publicly-listed Bank Bira yesterday
announced a net profit of Rp 13.35 billion (US$5.6 million) for
the first six months of this year, up by 95 percent from the same
period of last year.

Earnings per share increased to Rp 167 in the first six months
of this year from Rp 114 in the same period of last year.

The bank, which was listed on the Jakarta Stock Exchange in
July last year, recorded total assets of Rp 1.3 trillion as of
June 30, up from Rp 732.5 million registered as of June 30, 1994.

Up to June, the bank extended total credits of Rp 1.2
trillion, as compared to Rp 572.4 billion for the same month of
last year.

The deposits collected by the bank as of June stood at Rp 1.1
trillion. (rid)