BNI Net Income Grows 30.2%

PT BNI Tbk (BBNI) net profit in the first semester of 2013 amounted to Rp 4.28 trillion, up 30.2% over the same period in 2012 amounting to Rp 3.287 trillion. According to the directors, the increase in net income was driven by growth in net interest income earned from credit and non-credit.

Gatot Suwondo, Director of BNI, said that in the first semester of 2013 the company recorded a credit of Rp 222.65 trillion, grow 24.1% compared to the same period last year of Rp 179.44 trillion. The increase in lending is pushed net interest income or net interest income of Rp 8.896 trillion, an increase of 23.1% over the same period in 2012. “Non-interest income grew 22% to Rp 4.56 trillion,” said Billy.

Profit Dropped 82 Percent BNBR

PT Bakrie & Brothers Tbk (Bakrie), the parent company of the Bakrie business group, posted revenue of Rp 1.95 trillion in the first semester of 2013, plunged 82 percent over the same period in 2012 amounting to Rp 11.39 trillion.
Bobby Gafur Umar, President & CEO BNBR, explains, during the first six months ni BNBR successful management significantly suppress interest expense and financial expense by decreasing the portion of the debt.
Thus, interest expense and finance
The company fell by 78 percent from Rp 775.79 billion in the first half of 2012 to Rp 172.78 billion at the end of the first half of 2013, “Bobby said in a written statement on Wednesday (31/07/2013).
“It is down when compared to the first half of 2012 revenue gains. This is due to the deconsolidation of our subsidiaries, namely Bakrie Petroleum International Pte. Ltd.. and its subsidiaries, It also had an impact on net profit of the company, “he said.
Based on the company’s financial statements as of June 30, 2013, net income BNBR first half of 2013 reached Rp 8.36 billion, down 96 percent compared to the same period in 2012 amounted to Rp 214.35 billion.
In the report a year ago, perserian still include financial records Bakrie Petroleum International Pte. Ltd.. and Subsidiaries.
While the Company’s profit attributable to the parent entity, in the same period also fell from Rp 61.23 billion to Rp 4.86 billion.
The Company recorded a debt position until the first semester of 2013 BNBR remaining Rp 172.78 billion from Rp 603 billion.

Earn Income AXA Mandiri Rp 1 Trillion in 2012, Up 20%

PT AXA Mandiri Financial Services (AXA Mandiri) net profit in 2012 reached Rp 1 trillion, an increase of 20% compared to net income in 2011.

In addition, the company recorded total premiums amounted to Rp 5.67 trillion during 2012, an increase of 17% compared to premium income in the same period in 2011.

In 2012, AXA Mandiri has recorded an increase in funds under management by 30% from the previous year to Rp 13.8 trillion. The increase in total assets triggered AXA Mandiri increase by 24% with the acquisition of 2012 reached Rp 14.3 trillion

AXA Mandiri President Director Jon Sandham in the exposure of the company’s performance in Jakarta today explains, AXA Mandiri profit growth is influenced by the level of customer persistency which further premium payments increased 59% over the previous year.

In addition to the investment performance recorded significant growth with the growth of investment was 64% compared to the previous year.

“AXA Mandiri’s performance during 2012 has shown significant positive growth and of course this is thanks to the solid cooperation between the two shareholders, namely Bank Mandiri as the largest bank in Indonesia with a wide network and a global AXA experienced in managing life insurance,” says Jon in a written statement on Tuesday (4/30/2013)

Growth in net income and assets further strengthens the company’s financial health conditions AXA Mandiri, visible from the capital adequacy ratio has considered aspects of risk (risk based capital / RBC) which reached 368% for the conventional portfolio and achieve 81% to fund tabarru ‘of sharia portfolio.

These figures far exceed the minimum requirements required by the regulator that is 120% for the conventional portfolio and 15% for the portfolio of Shariah. Even compliance adequacy ratio of 30% for new Shariah portfolio required at the end of 2014.

“The figure shows that AXA Mandiri is able to provide protection and client obligations on the requirements set by the regulators,” said Chief Financial Officer of AXA Mandiri Iwan Pasila.

Business growth throughout 2012, the company claims to be the market leader in Indonesia bancassurance. AAJI report on the third quarter of 2012 showed AXA Mandiri is located at the top of the bancassurance market share of 34.1% by Weight New Business Premium.

AXA Mandiri will continue to enhance the company’s growth and its commitment to utilize its financial strength in order to improve service to customers and support sales reps.

“This includes providing services proactively reach customers as services that directly serve the customer makes a claim on health care for example through our Care Corner in RSPP,” said Jon.

Sun Profit Up 68% In Six Months, Reaches Rp 265 Billion

PT Matahari Department Store Tbk (LPPF) net profit to Rp 265 billion in the semester 1-2013, grew 68.3% compared to Rp 157 billion in the same period last year. The rise in profit was in line with revenue growth of turnover alias.

The sun gross sales in Semester 1-2013 Rp 5.16 trillion, 19.4% higher than the previous year of Rp 4.32 trillion. While net income reached Rp 2.741 trillion, 23.1% higher than Rp 2,226 trillion in the past year.

According to the press release the Sun, Thursday (01/08/2013), the growth was the result of an increase in the company’s customer segments, increase in disposable income and improvements in product offerings sold.

Sun currently has 121 outlets in 58 cities in Indonesia, including 5 new stores opened in the second quarter of 2013, ie in Surabaya, Palangkaraya, Palembang, Palopo, and Cibubur.

The Company has made voluntary bank debt in March 2013 amounting to Rp 700 billion, and pay back bank debts voluntarily today at Rp 400 billion, bringing the total debt down from Rp 2.369 trillion at the end of June 2013 to Rp 1,969 trillion.

JAL profit down 31.9 percent

Japan Airlines (JAL) announced a net profit in the April-June period fell 31.9 percent to 18.33 billion yen (187 million dollars), after rival All Nippon Airways reported a loss due to soaring fuel costs.

JAL, which re-listed its shares in Tokyo last year after a bankruptcy restructuring high performance, reported sales totaled 294.1 billion yen, up 2.6 percent.

While the carrier did not give specific reasons for lower profits, where a sharp decline in the yen exchange rate has boosted the price of fuel is predominantly dollar-denominated purchases. Fuel is one of the biggest cost element for the aviation industry.

Four months Boeing Dreamliner in-“grounded” also hit two largest airlines in Japan, where ANA said on Tuesday that the crisis has helped drag losses of 6.6 billion yen for the three months to June.

For the fiscal year to March 2014 JAL retaining previous forecast unchanged, the net profit of 118 billion yen in total sales of 1.272 trillion yen, reported AFP.

Impact of Selling Assets in 2011, Merck Profit Drops 53%

Pharmaceutical and chemical company, PT Merck Tbk recorded a decrease in net income in 2012. The German issuers, incised profit of Rp 108 billion, down 53.24% from the previous period which amounted to Rp 231.16 billion.

Director of Finance Bambang Nurcahyo explain, the decline in 2012 net profit, due in 2011, the company is selling assets. This has an impact on revenues soaring Merck in 2011, while in 2012, there is no asset sales.

“The decline in performace 2012, causes the 2011 to sell property assets and Kemang BSD net profit of Rp 70 billion. Assets sold in 2011,” said Bambang at Public Expose Merck headquarters in Pasar Rebo, East Jakarta, Wednesday (20/03/2013).

In 2012, Merck’s sales reached Rp 930 billion, up 1.18% from the 2012 period amounted to Rp 919 billion. This sale, supported by three business units namely Chemicals Rp 359 billion, Merck Serono worth Rp 405 billion and Rp Consumer Healthcare 166 billion.

Merck also will perform a dividend of Rp 75 billion to shareholders. However, Bambang reluctant to mention the target profit, revenue and business plans and capital expenditures in 2013.

Taxi Express Raup Rp 60 Billion Profit, Grow 54%

Is ground transportation services brand Express, Express Transindo Main Tbk PT (TAXI) earned a net profit of Rp 60.5 billion. The amount of net income increased 54% when compared to net income in the same period in 2012 amounting to Rp 39 billion. This achievement exceeded the company’s target of Rp 59 billion.

The rise in net profit driven by the acquisition of the company’s total revenue per June 30, 2013 which reached Rp 331.3 billion, an increase of 40% when compared to the same period of the previous year of Rp 237 billion.

“The Company’s financial performance this semester boast, revenue growth and significant earnings thanks to the success and efficiency of the Company’s expansion strategy, in addition to our success was due to maintaining the quality of service,” said Chief Financial Officer Taxi Express David Santoso in a press release, in Jakarta, Friday (2 / 8/2013).

He said the biggest contribution is still dominated by regular taxi which reached 84%. The rest of the Business Value Added Business Transportation Limousine dominated by vehicles that are in Bali, Lombok, Bandung and Jakarta.

Express regular cab fleet itself which operates to this day more than 8,800 units, which is targeted to reach 10 035 units by year-end.

“This year we expect to be able to add to our regular fleet of 2,000 units,” added David.

For this year, he said, the company aims to add 5 new pool in the area Jadetabek.

According to him, from the target, the Company has been getting 3 new locations for the pool. The Company is currently looking for a location for a second pool. Indeed most current pool still in Jadetabek. In addition to the Jadetabek, Express Group also has a pool in the other areas, namely in Bali, Lombok, Medan, Surabaya and Semarang.

Meanwhile, with regard to the new tariff set Express Group, David explained that it does not affect the Company’s financial.

This is because the Express Group implemented a partnership scheme with the driver, so that the new tariff solely to adjust the driver’s income and maintain the welfare of each individual driver’s partner.

While the driver of the Company’s partners deposit value remained elevated and did not participate. “We will continue to focus on improving service to our customers. We are confident in the consistency of the Company’s future financial performance has continued to increase, especially taxi business in Indonesia is very potential, “he explained.

Indonesian Cement Net Profit Rises 22.9% First Half

JAKARTA – PT Semen Indonesia (Persero) Tbk recorded a growth of solid financial performance in the first half of 2013. Recorded a net profit of Rp 2.58 trillion or Rp 436 per share. The net income increased 22.9% from the same period in 2012.

In his press conference, Wednesday (31/7), Indonesian Cement said net profit growth is in line with the achievement of revenue of Rp 11.4 trillion. First half revenues increased 31.9% over the same period last year of Rp 8.6 trillion.

Total revenue was supported by the cement sales volume recorded 12.23 million tons, an increase of 18.3% over the same period last year amounted to 10.32 million tons. Consisted of domestic sales volume amounted to 12.14 million tonnes (up 18%) and export sales of 0.09 million tonnes (up 170%).

Meanwhile, the national cement sales volumes (industry) grew 7.5% to 27.83 million tonnes compared to the previous period of record 25.89 million tonnes.

Dwi Soetjipto, President Director of Semen Indonesia, said Indonesia’s cement sales growth outpacing industry growth supported the operation of plant Tonasa Tuban IV and V. Support was also obtained from the solid synergies, particularly in the areas of marketing and distribution in the Indonesian Cement Group.

“It makes us capable domestic market share increased to 43.6% from 40.9% last year. We will continue to expand the market from year to year, “said Dwi.

Attributes Arsenal Can Profit Selling USD 1 Million Per Day

JAKARTA– The arrival of the European teams to Indonesia to be a boon to street vendors Area region Bung Karno Main Stadium (SUGBK), Senayan, Jakarta. In fact, if crowded, then a trader could net profit of Rp 1 million per day.

Previously, Indonesia was the arrival of the big teams, including Inter Milan, AC Milan and the Dutch national team. Now, Premier League clubs such as Arsenal, Liverpool, and Chelsea overtake Indonesia. Arsenal already enliven Jakarta, and on Sunday (14/07/2013) Indonesia will play against the Dream Team in SUGBK. The street vendors were hoping to make a profit to $ 1 million per day.

“I took a moment of arrival club Arsenal to sell in this area.’s First experience for me. Hopefully if today’s crowded, I could reap a profit of up to Rp 1 million,” said Arif Setiawan, sellers jersey and jacket Arsenal on Sunday.

Arif Setiawan hawking wares from 08.00 pm. Seen him sell Arsenal jersey and jacket for size.

Even the latest Arsenal jersey can be obtained at any place selling Arif. Arif merchandise obtained from a supplier who came from Thailand.

“The price is too expensive, Rp 120,000 to Rp 150,000 only. Costly price depending on the material, I did not dare to take the high prices,” he said.

Just like Arif, Radi also hawking wares in the area SUGBK. He sells slayer Arsenal. What is sold by Radi-made cottage industry in Bandung region.

On this Sunday, he was carrying two sacks slayer. He also hopes to achieve big gains.

“This handmade itself. Smaller size Rp 30,000, Rp 50,000 large. Optimistic I can make a profit of up to Rp 1 million,” Radi said the day-to-day selling slayer Persija.