Global Mediacom Earnings Grow 16.6% So Rp982 Billion

PT Global Mediacom Tbk (BMTR) posted a profit for the year in the first half of 2013 amounted to Rp982 billion, up by 16.6 percent compared to the acquisition in 2012 of Rp842 billion.

The company’s revenue also rose to Rp 4, 81 trillion in the first half of 2013 compared with the previous Rp 4, 15 trillion. Direct cost the company up to Rp2, 56 trillion, compared with the previous 2012 amounted to Rp2, 26 trillion.

The company’s gross profit increased to Rp2, 25 trillion in the first half of 2013 compared with the previous year 2012 amounting to Rp1, 89 trillion.

Cash and cash equivalents per the company’s June 30, 2013 amounted to Rp870 billion compared to the previous year 2012 amounting to Rp862 billion.

Current assets of the company by June 30, 2013 amounted to Rp11, 90 trillion, compared with the previous December 31, 2012 amounting to Rp10, 78 trillion. The amount of the company’s non-current assets as at 30 June 2013 to Rp 9, 87 trillion compared to December 31, 2012 amounting to Rp 9, 21 trillion.

Total liabilities of the company as at 30 June 2013 to Rp 6, 39 trillion, compared with the previous December 31, 2012 amounting to Rp 5, 69 trillion. While the company’s total equity as at 30 June 2013 to Rp15, 38 trillion compared to the previous December 31, 2012 amounted to Rp14, 29 trillion.

Plastics Demand High, LMPI Towards Rp 500?

Until the end of 2011, the demand for plastics and household products generated by Lasting Makmur Industri Tbk PT (LMPI) jumped sharply. This surge in demand coming from domestic consumers and foreign.

According to one market participant, from domestic demand and household plastic products grew 60%. While from overseas, the consumer accounts for 40% of demand growth by the end of 2011.

“With this soaring demand, LMPI reportedly posted a year-end profit increased approximately 58% compared to year-end 2010 earnings,” said the market participants on Friday (30/3/212).

He said there are indications the market will anticipate this news before the announcement of the financial statements at the beginning of the second quarter of this year, with a target share price LMPI Rp 500 per share.

Yesterday, the stock closed at LMPI green area in the middle market is sluggish at Rp 310 per share, up 60 points (+24%) with the volume of transactions valued at more than USD 5.19 billion.