Apr 4, 2016 | Industries, Market, News Group
PT Sinar Mas Agro Resources & Technology Tbk (SMAR) suffered loss of Rp386 billion in 2015, against profit of Rp1.48 trillion in 2014 as operating profit fell 52.4% to Rp1.02 trillion from Rp2.13 trillion previously. Revenues grew by 12% to Rp36.23 trillion from...
Apr 4, 2016 | Industries, Law, Politics
The Corruption Eradication Commission (KPK) arrested several people, including the member of the Jakarta Regional Representatives Council (DPRD Jakarta) Mohamad Sanusi of Gerindra, during a caught-in-the-act (OTT) operation conducted on March 31, 2016. A day later the...
Apr 1, 2016 | Industries, Market, News Group
Some companies suffered profit drops in 2015 due to lower revenues and foreign exchange (forex) losses. PT Tunas Baru Lampung Tbk (TBLA), one of the largest palm oil producers in Indonesia, booked a net profit of Rp200.78 billion in 2015, a 53.8% drop from Rp436.5...
Apr 1, 2016 | Industries, News Group, Politics
On March 10, we had the opportunity to visit the underground construction sites of the Jakarta Mass Rapid Transit (MRT) project. The engineering work was very impressive to watch. But we weren’t there for sightseeing. We wanted to know how far the construction...
Apr 1, 2016 | Industries, Market
Blue Bird (BIRD), the largest operator of conventional taxi, booked net profit of Rp824 billion last year, an increase of 12.2% from 2014. The Company’s revenue, interestingly, grew at slower pace in the fourth quarter of 2015, while net profit was flat. Blue...
Apr 1, 2016 | Industries, Market, News Group
Asian stocks fell, following the best monthly advance since October, as Japanese corporate sentiment slumped and investors awaited the release of U.S. monthly jobs data, Bloomberg reported. The composite index of the Indonesia Stock Exchange (IDX) gained 0.6% to close...
Apr 1, 2016 | Industries, Market, News Group
Oil and gas firm PT Medco Energi Tbk (MEDC), controlled by Arifin Panigoro family, suffered loss attributable to equity of US$186.17 million in 2015, against US$8.84 million profit in 2014. Revenues declined 16.3% to US$628.48 million from previous US$750.73 million....
Mar 31, 2016 | Industries, Market
Shares of pharmaceutical companies PT Kalbe Farma (KLBF) Tbk and PT Tempo Scan Pacific (TSPC) Tbk gained Thursday (March 31) as investors responded positively their resilience amidst economic slowdown last year. Kalbe grew 3% only last year, weaker than Tempo Scan and...
Mar 31, 2016 | Industries, Market
Shares of Mitra Keluarga (MIKA) retreated Thursday (March 31) as some responded negatively performance of the hospital operator, which reported net profit growth of 9.3% to Rp567 billion last year. Compared to Siloam Hospitals (SILO), however, MIKA reported...
Mar 31, 2016 | Industries, Market
Gudang Garam (GGRM), the second largest cigarette producer, booked net profit of Rp6.44 trillion last year, grew 19.1% from 2014 on improved margins. The Company’s sales revenue growth of 6.3% was actually smaller than HM Sampoerna and Bentoel International....
