BPS management reshuffled

BPS management reshuffled

JAKARTA (JP): Shareholders of publicly listed PT Bakrie
Sumatra Plantations (BSP) approved on Wednesday the appointment
of Irwan Sjarkawi and Ambono Januarianto as presidents of the
company's board of commissioners, and board of directors,
respectively.

Sjarkawi replaced Indra U. Bakrie while Ambono filled the
position left by Hari Witono.

New members of the board of commissioners included A Nukman
Halim Nasution and Raniwati Malik while newcomers in the board of
directors included Gafur Sulistyo Umar replacing Raniwati who has
been promoted as one of the company's commissioners.

The company said that it suffered a net loss of Rp 6.4 billion
in 1999 as compared to net profit of Rp 50.5 billion the previous
year.

The company attributed the plunge in its financial performance
to a widespread looting and theft in its plantation areas in
North Sumatra.

Total sales dropped by 29.7 percent to Rp 290 billion last
year because of the decline in the production, the company said.