JSX will not penalize Indosat, Mandiri

JSX will not penalize Indosat, Mandiri

JAKARTA: PT Indosat, Indonesia's second-largest phone company, and PT Bank Mandiri, the country's largest lender by assets, will not be penalized for delaying the submission of their unaudited first-half results, a director at the Jakarta Stock Exchange (JSX) said.

"Both companies have told us about their intention to file their audited financial results by the end of the month," said Wan Wei Yiong, a director at the stock exchange. "They still have until the end of September to submit their audited financial results."

Wahid Sutopo, Indosat vice president for investor relations, said the company would submit its first-half financial report on Aug. 29.

Ekoputro Adijayanto, Mandiri corporate secretary, said the lender would submit its results on Aug. 30. "We will hold a public presentation on August 30 to announce the results," he said.

Indosat, Bank Mandiri and 19 other publicly traded companies on the JSX may be fined if they do not submit their first-half financial reports by the end of the month. Companies that miss the deadline may be fined Rp 50 million (US$5,025) if they do not submit their financial statements this month. -- Bloomberg