Coach Factory Industrial

more finance and business articles



Bakrie and Brothers Profit Drops So Rp 8.3 Billion

Black Car Dashboard

Net income of PT Bakrie and Brothers Tbk (Bakrie) fell dramatically during the first half of 2013 to only Rp 8.36 billion. In fact, in the same period of the previous year the company was pocketing a profit of Rp 214.35 billion.

President Director of Bakrie and Brothers Bobby Gafur Umar stated, profit drop due to the divestment of a subsidiary Bakrie Petroleum International Pte in 2012. It, which makes the company’s revenues come eroded.

During the period January-June 2013 pesebesar company posted revenue of Rp 1.95 trillion, down from the acquisition of the first half of 2012 which reached Rp 11.39 trillion. “This is due to the deconsolidation of a subsidiary of Bakrie Petroleum us,” he said in a written statement on Wednesday, July 31, 2013.

The largest revenue contribution came from the company’s subsidiary in the manufacturing sector. Bakrie Building Industries opens Rp 380.73 billion in revenue, up 23 percent compared to the same period last year. Net income also rose 73 percent, or Rp 45.82 billion.

Bakrie Pipe Industries, which manufactures pipes also recorded a positive performance during the first semester of 2013. “Bakrie Pipe Revenue rose to Rp 751.92 billion from Rp 700.55 billion.’s Net profit also rose 102 percent from Rp 32.75 billion to Rp 66.22 billion,” said Bobby.

Boobby continued throughout the first six months of this year the management company managed to cut interest expenses and finance up to 78 percent or Rp 603 billion from Rp 775.79 billion in the first half of 2012 menjajdi Rp 172.78 billion in the first semester of 2013. “We will continue to depress spending and increase business efficiency,” he said

Analysis of stock market investors fear

cool gadget

JAKARTA – Capital market analysts, Pardomuan Sihombing said that the decision of the judges of Corruption (Corruption) in a case of IM2, causing fears of capital market investors. Because the regulations are not clear can ensnare anyone who is doing business in Indonesia.

“It could happen (investors will fear) that the decision was negative, meaning that is associated with the regulation of the telecommunications industry,” said Pardomuan Sihombing, told reporters on Friday (19/7).

It is said, that investors will invest into doubt whether the investment fund to be back or not, when the company suddenly entangled case. Doubt it, he added, is very clearly threatens the entire industry.

“Investors need legal certainty, because that’s what makes the industry rules become clear, so as to ensure the development of the telecommunications industry,” he said.

Pardomuan added that the symptoms have not been perceived concerns, the article of the legal process is not over. However, if there is already a binding verdict and declared IM2 guilty, then the impact will be felt.

“We all expect the final result will be better,” said Pardomuan.

As information, on Monday (8/7) Corruption Court sentenced former Director of IM2, Indar Atmanto to 4 years imprisonment with a fine of Rp200 million with subsidiary imprisonment of 3 months. Judge fines also punish IM2 pay Rp1, 3 trillion. Judges-network cooperation Indosat IM2 there are elements of corruption.

This ruling a major impact, as almost all sectors of the telecommunications businesses registered as a public company is also running a similar business model. Including PT Indosat Tbk, PT Telkomsel, PT XL Axiata Tbk, PT Smartfren Telecom, PT Bakrie Telecom Tbk and other telecommunications operators.

In fact, the communication sector alone contributes to Rp11, 8 trillion in revenues and in 2012. This figure is the biggest revenue for Indonesia in addition to the energy and mineral resources.

Responding to the verdict, Indonesian Infocom Society (Mastel) and the Indonesian Telecommunications Regulatory Body (BRTI) have reported the presiding judge to the Judicial Commission.

Mastel judge there are allegations of violations of the code of conduct by the presiding judge in the case. “There are some points that filed a complaint to the

Home Industry Traditional Sweets Maker

cool gadget

Traditional sweets are made from natural ingredients appear to be increasingly eroded by a flood of candy-flavored modern candy, including candy imported from various countries. One of the traditional candy maker entrepreneurial surviving is Mr. Irwan (46 years old) with his wife, Sartini (40 years). Mr Irwan with his wife to be smart to look for solutions and innovations for the business they have done all these years, can remain on the level of business competition is increasingly high, especially the products are packed modern. One of the tactics that he did was to package sweets with lottery products. So, in a few candy wrappers which he tucked a small paper containing a number of prizes, like a toy car, pencil, small dolls, plastic cups, toys and gifts other children. With so many children, including teenagers who are interested in buying Mr Irwan production of traditional sweets that taste and smell pretty bad. Homemade candies Mr Irwan 100% made ​​from traditional. Confectionery products include: candied ginger, candied papaya, candied fruit and candied Blimbing of orange peel. In the production process, he was still using simple tools. The following briefly described one way of making the sweets, the candied ginger.

It Has Greatly Helped My Diabetes

Tiny spy

After reading Forskolin reviews for weight loss, I knew it was something I needed to try. Being diagnosed with diabetes really through me for a curve. Reading up on the condition after getting the bad news from my doctor, I quickly realized I was in for some real trouble if I didn’t get my weight under control. I also worried about my blood pressure considering that one of the first things my doctor did was give me pharmaceuticals to control that problem. Diabetes often causes very high blood pressure and the damage that can do to your organs is no laughing matter.

My problem was taking the medicines prescribed by my doctor. Surely, I thought, there had to be a better way to deal with these issues. I thought doing research online might turn up some holistic herbal supplements that could lower my blood pressure to within the normal range. (more…)

Bank Permata Raup Rp 818 Billion Net Income, Grows 15%

smartphone

Jakarta – PT Bank Permata Tbk recorded a net profit after tax (consolidated – unaudited) of Rp 818 billion in the first half of 2013, an increase of 15% over the same period in 2012.

Total operating income reached Rp 3,205 trillion in the first half of 2013, 12% higher than the same period last year of Rp 2,859 trillion, driven by good growth in net interest income and fee-based revenue (fee-based).

The net interest income grew 12% yoy to Rp 2,568 trillion, with sustained strong credit growth. While the revenue-based fee (fee-based income) rose 11% yoy to Rp 638 billion.

Director of Permata Bank, David Fletcher said the company’s operating performance improved strongly in the first half of 2013 was made possible through corporate discipline in carrying out the strategy.

“Permata Bank ended the period with a strong record of financial performance and good momentum in both segments of retail and corporate banking business (Retail and Wholesale Banking),” he said in a press release on Tuesday (07/30/2013).

The second half, continued David will bring a new challenge in the form of increased interest rates and the dynamics of the economy.

“Nevertheless, we believe that the Bank is in a good position amid this uncertainty,” he said.

In the first half of 2013, loans grew by 27% yoy from Rp 84.4 trillion at the end of June 2012 to Rp 106.9 trillion at the end of June 2013. Credit growth in almost all business segments, including strong growth in SME business, mortgage and lending to corporate and middle segments of the local market. Total assets reached Rp 144.3 trillion, up 31% yoy from Rp 110.6 trillion as of June 30, 2012.

More diverse funding base and grow sustainably. Third-party funds, including the Sharia – increased 32% yoy to Rp 116.1 trillion, where current and savings accounts (CASA) each recorded an increase of 16% yoy and 6% yoy. Meanwhile deposits recorded strong growth at 41% yoy. Sharia financing recorded a significant increase in the amount of 95% yoy.

Excellent credit quality reflects the Bank’s compliance to always keep the principle of prudence. Non Performing Loan (NPL) Gross improved to 1.2%