Ramayana net profit fell last year
Ramayana net profit fell last year
JAKARTA: Indonesian retailer PT Ramayana Lestari Sentosa said on
Monday that its net profit fell to Rp 299.68 billion in 2002 from
Rp 320.08 billion a year earlier, mainly due to declining
interest income.
The company, whose customers are mainly those at the lower end
of the middle-income group, said interest income slipped to Rp
58.26 billion from Rp 74.34 billion due to falling interest rates
in the country. Ramayana has large deposits in banks, the company
said.
Gross profit rose to Rp 917.16 billion from Rp 772.92 billion
a year earlier.
Operating income increased to Rp 315.73 billion from Rp 303.78
billion. -- Dow Jones
;DJ;
ANPAf..r..
CorporateBrief-banpu-revenues
Banpu to post higher revenues
JP/
Banpu to post higher revenues
BANGKOK: Banpu PCL, a Thai coal miner and power producer, expects
to post higher sales this year due to rising production from its
Indonesian coal mines, the company's chief executive said.
Banpu's sales this year will likely reach 13 billion baht with
a net profit around 1.4 billion baht, said Chanin Vongkusolkit
late on Friday.
In 2002, its sales totaled 10.91 billion baht, with a net
profit of 1.45 billion baht.
"Our bottom line this year would be mostly from our operations
as we would not have the foreign-exchange gain as recorded last
year," said Chanin.
In 2002, it booked a foreign-exchange gain of 616.3 billion
baht.
Production from Indonesia coal mines is expected to rise 7
percent to 12 million metric tons this year, while production
from Thai coal mines will stay around 3 million tons, about the
same as last year, said Chanin.
In 2005, Banpu's sales are expected to rise to 18 million tons
a year in line with growing coal demand in Asia, he said.
Chanin said the company is looking at opportunities to operate
coal-fired power plants in India, Indonesia and the Philippines
in a bid to add value to its coal business.
The investment for each project would be in the range of
US$100 million to $300 million, and each project would generate
100-300 megawatts of electricity, he said. -- Dow Jones
;DJ;
ANPAf..r..
CorporateBrief-BII-profit
BII returns to profit in 2002
JP/
BII returns to profit in 2002
JAKARTA: Bank Internasional Indonesia (BII) said on Monday it
posted a net profit of Rp 132.52 billion (US$14.9 million) last
year against a loss of Rp 4.13 trillion in 2001 due to an asset
write-back.
The company booked interest income of Rp 3.09 trillion, down
from Rp 3.33 trillion the previous year.
It recorded a net interest loss of Rp 49.30 billion against a
net interest profit of Rp 40.62 billion a year earlier.
But it posted an operating profit of Rp 86.76 billion against
a loss of Rp 3.60 trillion in 2001 thanks to the write-back of a
Rp 736.04 billion rupiah assets provision write-off.
At the end of 2002, BII's capital adequacy ratio rose to 33.21
percent from a negative 47.41 percent. The sharp rise was mainly
attributable to government recapitalisation through a Rp 4.8
trillion rights issue last year.
The Indonesian Bank Restructuring Agency took over BII as part
of a massive bank bailout after the 1997/98 financial crisis. --
AFP
;DJ;
ANPAf..r..
CorporateBrief-Telkom-profit
Telkom's profit doubled last year
JP/
Telkom's profit doubled last year
JAKARTA: PT Telekomunikasi Indonesia (PT Telkom), a state-
controlled telecommunication company, on Monday said 2002 net
profit nearly doubled from a year earlier, thanks to higher
revenue contributions from its cellular and fixed-line divisions.
Net profit surged to Rp 8.345 trillion from Rp 4.250 trillion
in 2001, while revenue rose 33 percent to Rp 21.399 trillion from
Rp 16.131 trillion.
Its cellular business contributed revenue of Rp 6.226
trillion, up 32 percent from Rp 4.708 trillion a year earlier.
Revenue from the cellular division made up around 29 percent of
total revenue.
The company said revenue from fixed-line services expanded 30
percent to Rp 8.327 trillion - making up around 38 percent of
total revenue - from Rp 6.415 trillion in 2001.
Telkom currently has around 5 million cellular subscribers and
operates more than 7.5 million domestic lines throughout
Indonesia.
The Indonesian government owns a 51.2 percent stake in Telkom
and the public holds the remaining 48.8 percent.
Telkom has a 65 percent stake in Telkomsel, while Singapore
Telecommunication Ltd. owns 35 percent. -- Dow Jones