Telkom beats

Telkom beats SEC deadline

JAKARTA: PT Telekomunikasi Indonesia, the nation's biggest telephone company, met the deadline to file its 2004 accounts to the U.S. Securities and Exchange Commission on Thursday.

The company, known as Telkom, earlier said it may fail to meet the July 15 deadline as it needed more time to answer the U.S. regulator's queries on past financial reports.

Telkom submitted the 2004 report last month based on Indonesian standards to the commission. It must submit the so- called 20-F report to the U.S. regulator because its American depositary receipts trade on the New York Stock Exchange.

KPMG International audited the report.

Telkom posted a 6 percent higher net income in the 2004 report it submitted to the U.S. regulator. The company had net income of Rp 6.13 trillion (US$$625.5 million) on Rp 33.9 trillion of sales in 2004, according to its report prepared based on Indonesian standards. -- Bloomberg

;DPA; ANPAf..r.. Brief-Marriott-earning Marriott earnings down 14 per cent, revenues up JP/14/Brief

Marriott earnings down 14 percent

WASHINGTON: The world's largest hotel chain Marriott International Inc. on Thursday reported a 14 percent drop in earnings for the second quarter compared to the same period last year, to US$138 million.

Revenues were up 12 percent to $2.7 billion.

The Washington-based firm is putting new beds into 628,000 rooms in 2,400 hotels, is renovating another 331 hotels and plans to open up another 30,000 rooms.

Concern head J.W. Marriott said there was strong demand in the U.S. market, with strong price increases in New York, San Francisco, Seattle and New Orleans.

The international market has also improved, and Marriott has 370 hotels under construction abroad with a 60,000-bed capacity. -- DPA

;DPA; ANPAf..r.. Brief-Sweden-Telecoms Sony Ericsson reports lower second quarter earnings JP/14/Brief

Sony Ericsson posts lower earnings

STOCKHOLM: Mobile telephone maker Sony Ericsson posted lower net income for second quarter 2005 on Friday, although turnover increased.

The joint venture between Japan's Sony and Sweden's Ericsson said net income for the quarter was 75 million euro (US$90 million) for the quarter compared to 89 million euro for the corresponding period in 2004.

The company reported a turnover of 1.61 billion euro, a 4-per- cent increase on the corresponding quarter in 2004.

Sony Ericsson said it sold 11.88 million handsets during the quarter, a 14 percent increase on the 10.4 million units sold during the second quarter 2004.

"The global handset market grew faster than expected during the quarter, primarily because of increased demand in the lower price segments in both mature and emerging markets," the company said. -- DPA