Summarecon and Sumitomo Foresty Established Joint Venture
PT Summarecon Agung, Tbk (SMRA IJ) together with Sumitomo Foresty established joint venture to build housing. Sumitomo Foresty has the advantage of technology, and business provider of lumber and building materials for companies. The total investment reached USD30mn, with Summarecon portion was USD15mn. Meanwhile, the share of Summarecon in joint venture reached 51%. For the.
Read More...TPS Food Divested its Rice Business
PT Tiga Pilar Sejahtera Food, Tbk (AISA IJ) plans to divest its rice business lines, assessed positively as an attempt to improve the image and the company’s performance. According to the result of shareholders general meeting on Thursday, November 2, 2017, agreed upon the the rice business unit divestment controlled by PT Dunia Pangan. TPS.
Read More...Sumi Indo Kabel Sales Worth USD65.05Mn
PT Sumi Indo Kabel, Tbk (IKBI IJ) reported its sales worth USD65.05mn until September 2017, or slightly lower than same period 2016 worth USD65.11mn. According to company’s financial report, exports sales decreased 14.21% YoY to USD41.39mn. However, it compensate with company’s total domestic sales increasing of 40.32% YoY to.
Read More...Nippon Indosari Build New Factory after Right Issue
PT Nippon Indosari Corpindo, Tbk (ROTI IJ) issue as much as 1.15 billion its new shares, through a scheme of right issue. Company hoped could be pocketed extra fresh fund of IDR1.43trn. While the proceeds will be used to build four to six new factories in Sumatra, Borneo and Java. With the addition of a.
Read More...Semen Indonesia Liabilities Increase Above 20%
PT Semen Indonesia (Persero), Tbk (SMGR IJ) record a rise in liabilities to more than 20% in 3Q17. The increase is due to the issuance of bonds by the middle of this year. Company issue Shelf Registered Bond I Tranche I Year 2017, made the company’s liabilities is increased up to 25.57% until September 2017,.
Read More...Waskita Karya Additional Loan Worth IDR1.4Trn
PT Waskita Karya, Tbk (WSKT IJ) getting an additional loan amounting to IDR1.4trn. With this addition, loans increased from IDR4.59trn to IDR5.99trn. This loans comes from the lender syndicated that comprised of PT Bank Negara Indonesia (Persero), Tbk (BBNI IJ) as mandated lead arranger and bookrunner and The Bank of Tokyo-Mitsubishi Ltd as mandated lead.
Read More...Emdeki Revenue and Profit Increase 9%
PT Emdeki Utama, Tbk (MDKI IJ) recorded a rise in sales in 3Q17. This result to boost company profit in this period. According to its financial reports, company registered sales increased of 9.89% YoY to IDR271.42bn during period January – September 2017. In the same period last year, company only registered sales worth IDR246.99bn. While.
Read More...Timah Net Profit Reached IDR300.57Bn
PT Timah, Tbk (TINS IJ) registered a net profit up to IDR300.57bn in 3Q17, or increase 493.4% compare to same period 2016 worth IDR50.65%. Company had revenue of IDR6.62trn, or increased 44.17% from IDR4.59trn during that period. While the contribution came from metal tin and solder tin sales as much as IDR5.92trn, or increase 38.16%.
Read More...Intraco Penta Sales Growth 48%
PT Intraco Penta, Tbk (INTA IJ) reported its sales growth up to 48% during 9M17, amidst improving the business climate for mining this year. Company’s business revenue reached IDR1.53trn, while in the same period 2016 was IDR1.03trn. The largest contributor against revenues still come from the segment heavy equipment and spare parts, worth IDR1.22trn or.
Read More...Link Net Profit Worth IDR740.28Bn
PT Link Net, Tbk (LINK IJ), commands the largest market share in Indonesia’s broadband segment, reported its net income amounting to IDR740.28bn during 9M17, or growth 22.4% compare to same period 2016 worth IDR604.58bn. The company had its revenues of IDR2.5trn, or growth 16.8% from IDR2.14trn. The income derived from internet broadband service and a.
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