Multipolar has new executives

Multipolar has new executives

JAKARTA (JP): Shareholders of PT Multipolar Corporation have
approved the appointment of Jeffrey Koes Wonsono as the new chief
commissioner of the company replacing Roy E. Tirtadji.

The annual shareholders' meeting, held early this week, also
approved the appointment of Handoko Anindya Tanuadji as the
company's new president.

Multipolar posted a net profit of Rp 1.1 billion in 1999,
swinging from a net loss of Rp 221.2 billion the previous year.

Net revenues increased by 46 percent to Rp 239.8 billion in
1999.

The company's total debts decreased to Rp 272 billion as of
end of 1999, as compared to Rp 457 billion in the same period the
year before.

Multipolar is listed on the Jakarta and Surabaya Stock
Exchanges. (udi)