Net Income Exceeds MNC Rp1 Trillion

PT Media Nusantara Citra Tbk (MNCN) posted a rise in net income for the period by 21.1 per cent to Rp1, 01 trillion, compared to the previous period in 2012 amounted to Rp834 billion. The increase in profit was also followed by an increase in revenue to Rp 3, 13 trillion compared to previous periods amounting to Rp3, 04 trillion.

As for the company’s direct expenses decreased to Rp1, 31 trillion, compared with the previous Rp1, 45 trillion. While the company’s gross profit increased to Rp1, 81 trillion compared to the previous period in 2012 amounted to Rp1, 59 trillion. Comprehensive income also rose to Rp969 billion compared to the previous amount of Rp849 billion.

Cash and cash equivalents per the company’s June 30, 2013 amounted to Rp381 billion from Rp809 billion for the previous. The company’s total current assets as at 30 June Rp 7, 88 trillion compared to December 31, 2012 amounting to Rp 6, 76 trillion. The amount of non-current assets by June 30, 2013 amounted to Rp2, 37 trillion from Rp2, 19 trillion.

The company’s total current liabilities per June 30, 2013 amounted to Rp2, 36 trillion compared to December 31, 2012 amounted to Rp1, 25 trillion. Long-term liabilities the company June 30, 2013 amounted to Rp291 billion compared to December 31, 2012 amounted to Rp413 billion.

While the total equity of the company June 30, 2013 amounted to Rp 7, 60 trillion, compared with the previous December 31, 2012 amounting to Rp 7, 29 trillion.

EMC Gets USD 5.29 bln in Q1

EMC Corporation posted a fairly promising financial results in the first quarter of 2013. EMC Q1 revenues reached USD 5.39 billion, an increase of 6% ‚Äč‚Äčover the same quarter last year.

The GAAP net income of USD 580 million and first quarter GAAP earnings per weighted average number of diluted shares is USD 0.26.

Non-GAAP net income EMC reached USD 850 million, an increase of 4% compared to the same quarter the previous year. Non-GAAP earnings per weighted average number of diluted shares was USD 0.39, up 5% from year to year.

Joe Tucci, Chairman and Chief Executive Officer of EMC said EMC’s solid financial results in the first quarter illustrates the power and precision of their execution strategy that offers efficiency, control, choice and greater agility to customers.

“Our three business federation – EMC Information Infrastructure, VMware and Pivotal – focusing on the IT sector is expected to experience high growth in the next decade: cloud computing, Big Data and IT reliable,” he added, in a written statement on Thursday (16 / 5/2013).

Kalbe Farma Record Net Income Rp924 Billion

PT Kalbe Farma Tbk (KLBF) recorded a net profit of Rp924, 150 billion during the first half of 2013. The net income growth from the previous year amounting to Rp807, 832 billion.

Quoted from financial reports, on Wednesday (07/31/2013), basic earnings per share of pharmaceutical and healthcare products company that was increased to Rp20 per share from the previous year Rp17 per share.

The increase was driven by sales of products that make the company’s revenue of Rp 7, 421 billion in the period January to June 2013. The revenue growth over the previous year of Rp 6, 243 trillion.

The Company also recorded a gross profit in the January-June 2013 amounted to Rp3, 622 trillion, up from the previous year amounting to Rp3, 063 trillion.

Income before income tax expense was also recorded at Rp1, 22 trillion increase over the previous year amounting to Rp1, 08 trillion.

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.