Dharmala's profits up

Dharmala's profits up

JAKARTA (JP): Publicly-listed PT Dharmala Sakti Sejahtera
yesterday reported consolidated net profits of Rp 67.5 billion
(US$30 million) for last year, a 10 percent increase over the
previous year.

The company's president, Suyanto Gondokusumo, said in a
statement issued following the company's annual and
extraordinary shareholder meetings yesterday that the company
projected a 15 percent increase in net profits this year.

Suyanto noted that the company's multifinance division PT BBL
Dharmala Finance contributed Rp 24.8 billion, 41 percent or the
largest portion to last year's profits, followed by its banking
division Bank Dharmala -- 30 percent or Rp 15.5 billion.

Its insurance division, represented by PT Asuransi Jiwa
Dharmala Manulife, PT Dharmala Insurance and PT Maskapai
Reasuransi Indonesia, contributed 22 percent to last year's
profits, with each delivering Rp 17.8 billion, Rp 2 billion and
Rp 2 billion respectively.

Dharmala Insurance is also a publicly-listed company.

Meanwhile, Dharmala Saksi Sejahtera's securities division PT
Dharmala Securities, accounted for 6 percent of last year's
profits, while its consulting division accounted for only 1
percent. (rid)