Category: News Group

Hary Tanoe’s Bank Posts Rp48.8 Billion Loss in Q1

Bank MNC Internasional, controlled by businessman and politician Hary Tanoesoedibjo, booked net loss of Rp48.8 billion in the first quarter of 2017 against profit of Rp5.27 billion in the corresponding period last year. The bank’s net interest income grew significantly by 27% to Rp100.3 billion, but other operating expenses skyrocketed to Rp165.4 billion.

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PGN Profit Down 3.8% in Q1

State oil and gas company PT Perusahaan Gas Negara Tbk (PGAS) booked net profit of US$96.83 million in the first quarter of 2017, down slightly by 3.8% from the corresponding period of 2016. The company reported sales revenue of US$746 million in the quarter, inched up 3.6% from the same period last year.

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