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.

WIKA Rp 457 Billion Record Earnings, Up 29%

PT Wijaya Karya Tbk (WIKA) recorded a 29.2% rise in net profit in 2012, amounting to Rp 457.86 billion from Rp 354.50 billion in the previous period. This increase was driven increase in the turnover of SOEs.

WIKA’s coded sales reached Rp 9.82 trillion, up 26.9% from 2011’s Rp 7.74 trillion.

“The increase in sales in the year 2012 the profit growth in several business segments,” he disclosed WIKA 2012 financial statements, as quoted detikFinance, Tuesday (03/19/2013).

WIKA sales over the past year supported by six business segments namely construction, (civil and building), mechanical electrical, energy investment, concrete products (precast), realty and property, and manufacturing.

“Construction services, mechanical electrical, and energy investments are managed by the Parent Company accounts for 70.4% of total sales WIKA,” he added.

Water Dragon year, WIKA sales target company could reach Rp 11.86 trillion, up 20.8% from the realization in 2012 that amounted to Rp 9.82 trillion. While, for net income, is targeted to reach Rp 555.06 billion, up 21.2% from the figure for 2012.