Modernland Record Profit of Rp 260 billion, Jumped 250%

Property company, PT Modernland Realty Tbk (MDLN) earned a net profit of Rp 260 billion during the year 2012, surging 250% from the previous year’s profit of Rp 74 billion. Earnings per share also increased from Rp 24.26 per share to Rp 41.57.

The increase in net income was driven by the increase in total revenue in 2012 amounted to Rp 1.06 trillion from the previous year sebesaar revenue of Rp 504 billion. This was conveyed by the company in its disclosure to the Indonesia Stock Exchange (BEI), in Jakarta, Tuesday (03.19.13).

The amount of revenue sustained by net sales in 2012 amounted to Rp 1.01 trillion, which was also up from the previous year of Rp 468 billion.

Also supported the acquisition of the company’s revenue from the golf course and restaurant business Club House in 2012 amounted to Rp 37.76 billion. That was up from the previous year of Rp 36, 44 billion.

Of a business acquisition also sustain revenue of Rp 7.48 billion in 2012. Meanwhile, the cost of sales also increased from Rp 238 billion in 2011 to Rp 556 billion in 2012.

Sales Down, Era Jaya Net Profit Drops 39.9 Percent

Erajaya Swasembada Tbk PT (ERAA), a listed retail distributor of mobile phones, reported a net profit in the first half of 2013 fell 39.9 percent from the same period a year earlier. Net income fell from Rp 212.4 billion in Semester 1 2012 to Rp 129.8 billion in Semester 1 2013.
Djatmiko Ward, Director of Marketing and Communications Erajaya, said the decline in net income was due to the decreased net sales of Rp 6.4 trillion to Rp 5.9 trillion in the first semester of 2013. Sales decreased due to sales of mobile phones fell from 5.2 million to 4.9 million in the first half of 2013.
“Sales of mobile phones and tablets from the company recorded 88.1 percent of net sales, sales fell to Rp 5.2 trillion from net sales of Rp 5.9 trillion in the first half of 2012, net income decreased as a result,” he said in Jakarta on Wednesday (31/07/2013).
This gives the effect of the sale of product sales boom era. So kontribursi such as through vouchers, computers and electronics segment, as well as accessories segment is not able to increase the company’s revenue.
Vouchers 489.6 billion recorded in the first half of 2013 up from 397.6 billion in the first half of 2012. While computers and computer equipment segment recorded sales of 129.6 billion in the first half of 2013. And accessories segment recorded an increase of 89.7 billion from the 1st half of 2012 amounted to 12.5 billion.
A result of the drop in sales was also lower pre-tax profit (EBITDA) of the company on the 1st half of 2013 were down 37.2 percent to Rp 180.5 billion in EBITDA than in the 1st half 2013 that reached Rp 287.1 billion.

DSNG Records Rp 260 Billion Operating Profit

JAKARTA – PT Dharma Satya Nusantara Tbk (DSNG) in the first semester of 2013 an operating profit of Rp 260 billion in the first half of 2013, up 9% over the previous period of only Rp 238 billion. This is mainly due to the decrease in cost of sales per ton of crude palm oil (CPO) of 8.4% from USD 4.7 million in the first half of 2012 to Rp 4.3 million.

“Although the price of CPO in the international market this year has decreased, the company managed to maintain the gross profit margin of 28% as of last year, and operating profit margin at the level of 15%,” said Andrianto Oetomo, Vice President Director of PT Dharma Satya Nusantara Tbk (DSNG), in a press release.

Recorded net sales of Rp 1.7 trillion. The amount of net sales contributed by the plantation sector reaches 60% or Rp 1 trillion and wood products sector reaches 40% or approximately Rp 0.7 trillion. The revenue contribution from the plantation sector increased 55% compared to last year.

As of June 2013, total assets of the Company’s total of Rp 5.7 trillion, up 11% compared to the last year of Rp 5.1 trillion. Total equity of the Company to Rp 1.9 trillion, an increase of 35.6%.