Thu, 28 Aug 2003

JSX issues warning to 14 listed firms

The Jakarta Post, Jakarta

The Jakarta Stock Exchange (JSX) announced on Wednesday it had issued first warning letters to 14 listed companies for failing to submit their first semester financial reports by last month's deadline.

The JSX said in a statement the 14 companies had not offered any indication of whether they wanted to submit the reports in the form of unaudited reports, limited reviews or audited reports.

Unaudited reports should be submitted by the end of July, limited reviews by the end of August and audited reports by the end of September.

The 14 companies are PT Bristol-Myers Squibb Indonesia, PT Eterindo Wahanatama, PT Semen Gresik, PT Surya Dumai Industry, PT Bumi Resources, PT Gajah Tunggal, PT GT Petrochem Industry, PT Sunson Textile Manufacture, PT Kopitime Dotcom, PT Manly Unitama Finance, PT Bakrie Finance Corporation, PT Wicaksana Overseas, PT Duta Anggada Realty and PT Krida Perdana Indahgraha.

Regarding Semen Gresik, the company told the JSX the delay in submitting its first-half financial report was caused because it had to wait for its subsidiary PT Semen Padang to submit its financial account.

Kopitime and Manly Unitama failed to submit reports because both are on the verge of being removed from the bourse, possibly in September.

The companies risk financial penalties for failing to submit the reports by the deadline. If they continue to fail to submit their reports, they could be delisted.