Astra Print Profit of Rp 4.3 trillion, Thinning 7%

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PT Astra International Tbk (ASII) recorded a profit of Rp 4.3 trillion at the end of March 2013. Thinning profit 7% of the acquisition of the same period of the previous year of Rp 4.6 trillion.

The fall in profit was in line with the Astra stagnanya Astra turnover alias net income in the first quarter of 2013 amounted to Rp 46.7 trillion, edged up 1% compared to the same period in 2012 of Rp 46.4 trillion.

“Indonesia’s economic outlook remains positive, although in the short term gains Astra will be affected by rising labor costs, weakening commodity prices, competition in the automotive industry and the impact of regulations on the minimum down payment auto financing sharia,” said President Director of Astra International Prijono Sugiarto in press release, Wednesday (24/04/2013).

Astra Group activities focus on six core business lines, namely Automotive Division, Financial Services, Heavy Equipment and Mining, Agribusiness, Infrastructure and Logistics, and Information Technology with the following details.

Automotive Division’s net profit fell by 10% to Rp 2.2 trillion, consisting of Rp 1 trillion from the Company and its subsidiaries, as well as the contribution from associates and jointly controlled entities in the automotive field of Rp 1.2 trillion.

Throughout the first quarter of 2013, demand for motor vehicles remains high, mainly supported by rising incomes and borrowing rates are affordable. However, increased competition due to increased domestic production capacity and rising labor costs have led to a reduction of the net profit contribution of automotive segments. This condition is expected to continue in the second quarter.

Regulatory minimum down payment on auto financing imposed sharia financing for companies since January 1, 2013 and applies in the bank on 1 April 2013, had little impact on the performance of the first quarter. The new regulation is expected to have an impact on the motorbike sales in the first half.

Total national car sales increased 18% to 296,000 units. Astra’s car sales (Toyota, Daihatsu, Isuzu, UD Trucks and Peugeot) increased 7% to 155,000 units, with a market share of 52%. In the first quarter Astra launched three new models and five facelift models.

Astra Daihatsu Motor has completed construction of a new factory in Karawang with a total production capacity of 120,000 units per year, so overall production capacity to reach 460,000 units per year.

While the national motorcycle sales rose 2% to 2 million units. Honda motorcycle sales output of PT Astra Honda Motor (AHM) rose 14% to 1.2 million units, with an increase in market share from 55% to 62%.

Throughout the first quarter of 2013, PT Astra Honda Motor launched two new models and four models facelift. PT Astra Honda Motor has increased the production capacity for sport type motorcycle from 900 units to 1,300 units per day.

PT Astra Otoparts Tbk (AOP), component manufacturing company in which 95.7% owned by the Company, recorded a net profit of Rp 267 billion, an increase of 2%, where 71% is the contribution from associates and jointly controlled entities. 11% increase in revenues eroded by rising labor costs.

Division of Financial Services net profit rose 23% to Rp 1 trillion. Total financing through Astra automotive finance business consisting of Federal International Finance (FIF), Astra Credit Companies (ACC), and Toyota Astra Financial Services (TAFS) grew 6% to Rp 13.2 trillion, including joint financing through bank financing without recourse .

Total weight of equipment financing through PT Surya Artha Nusantara Finance and PT Komatsu Astra Finance fell 40% to Rp 1.3 trillion. PT Bank Permata Tbk is 44.6% owned by the Company, posted a net profit of Rp 356 billion, an increase of 7%. Net interest income increased driven by higher loan growth by 36%, despite the increase in operating costs.

PT Asuransi Astra Buana (AAB) subsidiaries engaged in insurance business had a net profit due to higher growth in gross premium income in excess payment of reinsurance and claims costs are high.

Net income and Mining Equipment division fell 26% to Rp 0.7 trillion. PT United Tractors Tbk (UT), which is 59.5% owned by the Company, reported a 26% drop in net income to Rp 1.1 trillion, while net income decreased by 17%.

Business segment net revenue of construction machinery fell 42%, due to lower sales of Komatsu heavy equipment by 42% to 1,272 units. This happens due to decreased demand from the mining sector, especially for large units. Although when compared with the final quarter of 2012, unit sales increased by 70%.

Pamapersada PT Nusantara (PAMA), a subsidiary of UT in the field of coal mining contractor posted a net income increase of 19%, in line with the increase in coal production by 12% to 24 million tons and increase soil removal work (overburden removal) by 3% to 199 million bcm. Good performance was driven by increased mining capacity and good weather conditions.

UT subsidiaries in mining reported net income decreased by 36%, which is caused by the decrease in coal sales by 23% to 1.2 million tons. Decline in coal prices and rising fuel prices have a negative impact on gross profit margin.
Agribusiness Division’s net profit decreased by 6% to Rp 0.3 trillion. PT Astra Agro Lestari Tbk (AALI), which is 79.7% owned by the Company, reported net income of Rp 356 billion.

Palm oil production increased 22% to 352,000 tonnes, which resulted in increased revenue by 6% to Rp 2.7 trillion, although compared to the first quarter of 2012 the average CPO price decreased 16% to Rp 6.464/kg. Overall net income decreased, due to the high cost of production and operational costs.

Net income Infrastructure and Logistics Division declined by 19% to Rp 124 billion. PT Marga Mandala Sakti (MMS), which operates the toll road operator pathway Tangerang – Merak along 72.5 km, which is 79.3% owned by the Company, noted an increase in the volume of vehicle traffic by 10% to 10 million vehicles.

PT PAM Lyonnaise Jaya (PALYJA), a leading provider of clean water in the area west of Jakarta, reported a decline in water sales volume by 3% to 37 million m3. PT Serasi Autoraya (SERA), recorded an increase in revenue, mainly supported by the increasing number of vehicles on lease contracts TRAC vehicle rental business by 6% by the number of vehicles of more than 31,000 units. The high cost of depreciation and operating costs lead to lower net income compared to the first quarter of 2012.

Net income and Information Technology Division of Rp 20 billion, down 22% compared to the first quarter of 2012. PT Astra Graphia Tbk (AG), a company engaged in the field of information technology and the sole agent of Fuji Xerox in Indonesia, which is 76.9% owned by the Company, recorded a net profit of Rp 26 billion.

PTPP Rp 92.94 billion Dividend Coverage

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PT PP (Persero) Tbk (PTPP) will pay dividends of Rp 92.94 billion. The dividend equivalent to 30% of the net profit of Rp 309.68 billion in 2012.

Director PTPP, Bambang Triwibowo said net profit last year rose by 29% compared to previous year profit of Rp 240.22 billion.

“The increase in net income was bolstered by the acquisition of new contracts, increase revenue and efficiency and continuous innovation company,” Bambang said in a press conference at Headquarters PTPP, Pasar Rebo, East Jakarta, Tuesday (30/04/2013).

The plan, the dividend will be distributed to shareholders in June 2013. To revenue in the year 2012, the issuer’s stock PTPP coded, managed to reap Rp 8 trillion.

This revenue, an increase of 28.43%, when compared to last year’s Rp 6.23 trillion.

“To support the company’s long-term target of the future will be supported by the construction of 5 business, property, EPC, investment and other businesses such as industry,” he said.

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.

Slightly turnover, Profit Drops 54% XL fact to Rp 670 Billion

PT XL Axiata Tbk (EXCL) correction suffers 54% profit in the first half of 2013 to Rp 670 billion from Rp 1.46 trillion. The company’s revenue edged up 1%.

XL recorded net income of Rp 10.3 trillion in the first half of this year, from Rp 10.2 trillion in the previous position. The rise in revenue driven by increased data service revenues by 13%.

“Our performance this quarter marks our success to turn things around after a decline in the previous two quarters,” said President Director of XL Hasnul Suhaimi, in a press release on Thursday (01/08/2013).

Until the end of the first half of 2013, the XL has spent Rp 4 trillion for infrastructure investment in the data. A combination of internal funds and debt.

XL has signed a new loan agreement in U.S. dollars with Standard Chartered Bank in May 2013 for U.S. $ 50 million. Meanwhile, during the first half of this 2013 also, the amount of debt XL increased to Rp 17.1 trillion from Rp 12.7 trillion in the previous year.

“XL will remain focused on data services given the growing use of data rapidly increasing contribution to company revenues. During the first six months of this year, data revenue accounted for 22% of total revenue, compared to 19% last year, “he added.

Get Indocement Profit Rp 2.42 trillion in the first semester

Jakarta – Cement producer PT Indocement Tbk (INTP) profit for the period amounted to Rp 2.42 trillion in the first semester of 2013. Acquisition was up from last year’s first half profit which amounted to Rp 2.16 trillion.

Based on the company’s financial reports to the Indonesia Stock Exchange, the net profit was due to higher revenue of Rp 8.91 trillion in the period January to June 2013. “Up from the previous Rp 8.19 trillion in 2012,” said Director of Indocement, Daniele Lavalle, Wednesday, July 31, 2013.

The cement sales Indocement most in Java, which amounted to Rp 7.05 trillion and sales outside Java Rp 1.81 trillion. Cement exports recorded very minimal which is only Rp 49.6 billion.

Indocement recorded an increase in cost of revenue of Rp 4.69 trillion, up from Rp 4.4 trillion. While operating expenses include selling expenses and general administrative expenses also increased to Rp 1.26 trillion from Rp 1.16 trillion in the same period the previous year. Thus, the company’s operating profit in the January – June 2013 amounted to Rp 2.99 trillion.

Some time ago Indocement has signed the commencement of construction of the project P-14 plant in Coventry, Bogor, West Java, Indonesia with PT Sinoma Engineering. Aldo added, Coventry factory was among the company’s three main projects this year. The project is still in the form of semi-finished land (brown field).

The plan, built the factory with a capacity of 4.4 million tons per year. The investment value of Rp 5.5 trillion, while the construction will be completed and began operation in 2015.

Two other major projects, namely the addition of new cement grinding plant with a capacity of 1.9 million tons per year in Coventry, will be completed in the fourth quarter of this year. With the addition, the company is targeting production capacity at the end of 2013 amounted to 20.6 million tons, up from the current 18.6 million tons.

The next project on the land yet so plant (green field), namely the construction of two new plants with a production capacity of each of 2.5 million tons per year with locations in Central Java and outside Java.

Meanwhile, other competitors such as PT Semen Indonesia (Persero) Tbk posted a first half net profit of Rp 2.58 trillion or Rp 436 per share, an increase of 22.9% from the same period in 2012. The revenue stood at Rp 11.4 trillion, an increase of 31.9 percent over the same period last year, which stood at Rp 8.6 trillion.

The increase in revenues was supported by the total sales volume increased by 18.3 percent to 12.23 million tons in the first half of 2013. Domestic turnover amounted to 12.14 million tons (up 18.0 percent) and export sales of 0.09 million tonnes (up 170 percent). While the national cement sales volumes (industry) grew 7.5 percent to 27.83 million tons compared to the previous period, which stood at 25.89 million tonnes.

Bank Profit Up 26%, Reaches Rp 4.3 Trillion

PT Bank Mandiri (Persero) Tbk managed to earn net profit of Rp 4.3 trillion in the first quarter of 2013. The net profit, up 26.4% from the same period in 2012.

Bank Mandiri president director Budi Gunadi Sadikin said, this positive performance, backed by the credit of Rp 392 trillion through the first quarter, growing 19.7% from the previous period amounted to 327.2 billion.

“Our achievement today is a welcome development. Bank lending, especially to the micro segment, which continues to show improvement, is a realization of our commitment to improve public access in various parts of Indonesia to finance productive,” said Budi time exposure Quarter Financial Statements 2013 in the Plaza Bank Mandiri Jakarta, Monday (04/29/2013).

Budi explained, loan growth occurred in all business segments, particularly in the sector of micro, small and medium enterprises. At the micro segment increased lending by 58.1% from Rp 13.1 trillion to Rp 20.7 trillion in the first quarter of 2013.

“This is in line with the credit growth, the number of micro credit customers also increased from 208.5 thousand to over 327 thousand customers. Meanwhile, credit to the segment of micro, small and medium enterprises (SMEs) grew 46.6% to Rp 55, 6 trillion, “he added.

Mandiri also noted, raising funds from a third party which reached Rp 467 trillion, up from the previous period are valued at Rp 404 trillion. Of these, low-cost funds such as checking and savings amounted to Rp 290 trillion, up 18.7% from the previous position of Rp 244 trillion. Mandiri also had total assets of Rp 641 trillion, up 17.1% over the same period last year. As for the ratio of non-performing loans (NPL) net Mandiri, remained low at the level of 0.57%.

China Industrial Profits Reach Rp 820 trillion as of June

China’s industrial profit growth slowed in June, because the country’s economy will weaken, rising costs, and the price of goods down because demand is growing moderately.

Based on data released by the Bureau of Statistics of China, on Friday (26/07/2013) net income of Chinese companies rose 6.3 percent (year on year / yoy) to 502.4 billion yuan (82 billion U.S. dollars, or Rp 820 trillion) . Growth is lower when compared to the previous month to reach 8.8 percent.

Stock markets in China also fell for the third time on the same day, in response to low growth in manufacturing, after the Chinese government reduce its 19 capacity to trim excess supply causes the price to drop.

At the same time, China’s National Council has also offered limited support through acceleration of railway construction, tax cuts for small businesses and cut export costs.

“In terms of policy, the most obvious thing is there is no economic stimulus package in China,” Zhu Haibin, an economist at JPMorgan Chase & Co., Which is based in China.

According to him, the Chinese government is now trying to formulate fiscal policy to be more effective at reducing the administrative expenditure.

Meanwhile, on the monetary side, the Chinese central bank is trying to boost credit directly channeled to the real sector.