Impact of Selling Assets in 2011, Merck Profit Drops 53%

Pharmaceutical and chemical company, PT Merck Tbk recorded a decrease in net income in 2012. The German issuers, incised profit of Rp 108 billion, down 53.24% from the previous period which amounted to Rp 231.16 billion.

Director of Finance Bambang Nurcahyo explain, the decline in 2012 net profit, due in 2011, the company is selling assets. This has an impact on revenues soaring Merck in 2011, while in 2012, there is no asset sales.

“The decline in performace 2012, causes the 2011 to sell property assets and Kemang BSD net profit of Rp 70 billion. Assets sold in 2011,” said Bambang at Public Expose Merck headquarters in Pasar Rebo, East Jakarta, Wednesday (20/03/2013).

In 2012, Merck’s sales reached Rp 930 billion, up 1.18% from the 2012 period amounted to Rp 919 billion. This sale, supported by three business units namely Chemicals Rp 359 billion, Merck Serono worth Rp 405 billion and Rp Consumer Healthcare 166 billion.

Merck also will perform a dividend of Rp 75 billion to shareholders. However, Bambang reluctant to mention the target profit, revenue and business plans and capital expenditures in 2013.

Profit Up 273.2 percent Eterindo

Eterindo Wahanatama Tbk PT (ETWA) posted a first-half net profit rose 273.2 per cent to Rp33, 2 billion compared with the same period last year ie Rp 8, 9 billion.

The growth is in line with the company’s revenue increased 51.2 percent to Rp605, 4 billion. The increase is also supported by the large volume of sales. Sales volume stood at 39,000 metric tons, up by 34.5 percent from 29,000 metric tons in the last year with the average selling price of Rp9, 3 million metric tons in the first half of 2013.

President Director Immanuel Sutarto, stated operational performance during the first half of this biodiesel has increased significantly compared to the same period the previous year.

“We hope that the Government will soon implement a policy mix of 10 percent biodiesel (B10) in 2013 as a way of improving national energy security,” he said in a written statement published on Thursday (08/01/2013).

Gross profit increased 58.8 percent from Rp54, 6 billion to Rp86, 7 billion. Gross margin to 14.3 percent from 13.6 percent the same period last year.

Operating profit jumped by 57.1 percent from Rp34, 2 billion to Rp53, 8 billion. Similarly, EBITDA increased 82.9 percent to Rp66, 3 billion compared with the same period last year ie Rp36, 2 billion.

Equity increased from 0.8 times to 1.2 times as a result of an increase in bank debt amounted to 64.8 percent from Rp350, 7 billion to Rp577, 9 billion
to finance the growth of its business.

BNI Net Income Grows 30.2%

PT BNI Tbk (BBNI) net profit in the first semester of 2013 amounted to Rp 4.28 trillion, up 30.2% over the same period in 2012 amounting to Rp 3.287 trillion. According to the directors, the increase in net income was driven by growth in net interest income earned from credit and non-credit.

Gatot Suwondo, Director of BNI, said that in the first semester of 2013 the company recorded a credit of Rp 222.65 trillion, grow 24.1% compared to the same period last year of Rp 179.44 trillion. The increase in lending is pushed net interest income or net interest income of Rp 8.896 trillion, an increase of 23.1% over the same period in 2012. “Non-interest income grew 22% to Rp 4.56 trillion,” said Billy.

Prime Gapuraprima profit soars 318% become Rp 71 Billion

PT Prime Gapuraprima Tbk (GPRA) record net profit of Rp 71 billion in the first half of 2013, up 318% over the same period last year of Rp 17 billion. Profit rose due to an increase in sales of property projects.

In addition to earnings, the company’s sales also grew to Rp 242 billion during the first six months in 2013, up 60% over the same period last year of Rp 154 billion.

“A pretty solid performance of the company marked the sale of some of peningkan owned projects that boost the recorded rise in net profit,” said President Director of Prime Gapuraprima Rudy Margono, in a written statement on Friday (02/08/2013).

Rudy said the company’s operating income collected until June 2013 reached USD 89 billion, up 56% compared to the same period in 2012 which stood at Rp 38 billion.

With the achievement of the performance, Rudy optimistic residual second half of 2013 will also give good results for the company. “We sure could record sales of more than Rp 1 trillion this year,” he said.

To achieve that goal, various measures have been prepared in which the company completed acquisitions of 4 (four) project in Nusa Dua Bali, Pondok Indah in South Jakarta and Tangerang Chester South.

This year the company has focused on developing a number of projects, such as Diamond City-Cipayung area of ​​3.48 ha, Graha Azzura MT Haryono area of ​​0.37 ha, Ciawi Superblock (Ciawi) area of ​​2.5 ha and Air Force Radar-Cimanggis, Depok area 6 ha.

“The total value of the projects that we have prepared this year to reach Rp 1.1 trillion,” he said.

Looking ahead, said Rudy, Prime Gapuraprima also adds new 3-star hotel that is Gapuraprima Hotel located at Jalan Gatot Subroto, Central Jakarta, Mega Kuningan Best Western Hotel, South Jakarta, as well as the Best Western Hotel-Serpong, Tangerang.

Earn Income AXA Mandiri Rp 1 Trillion in 2012, Up 20%

PT AXA Mandiri Financial Services (AXA Mandiri) net profit in 2012 reached Rp 1 trillion, an increase of 20% compared to net income in 2011.

In addition, the company recorded total premiums amounted to Rp 5.67 trillion during 2012, an increase of 17% compared to premium income in the same period in 2011.

In 2012, AXA Mandiri has recorded an increase in funds under management by 30% from the previous year to Rp 13.8 trillion. The increase in total assets triggered AXA Mandiri increase by 24% with the acquisition of 2012 reached Rp 14.3 trillion

AXA Mandiri President Director Jon Sandham in the exposure of the company’s performance in Jakarta today explains, AXA Mandiri profit growth is influenced by the level of customer persistency which further premium payments increased 59% over the previous year.

In addition to the investment performance recorded significant growth with the growth of investment was 64% compared to the previous year.

“AXA Mandiri’s performance during 2012 has shown significant positive growth and of course this is thanks to the solid cooperation between the two shareholders, namely Bank Mandiri as the largest bank in Indonesia with a wide network and a global AXA experienced in managing life insurance,” says Jon in a written statement on Tuesday (4/30/2013)

Growth in net income and assets further strengthens the company’s financial health conditions AXA Mandiri, visible from the capital adequacy ratio has considered aspects of risk (risk based capital / RBC) which reached 368% for the conventional portfolio and achieve 81% to fund tabarru ‘of sharia portfolio.

These figures far exceed the minimum requirements required by the regulator that is 120% for the conventional portfolio and 15% for the portfolio of Shariah. Even compliance adequacy ratio of 30% for new Shariah portfolio required at the end of 2014.

“The figure shows that AXA Mandiri is able to provide protection and client obligations on the requirements set by the regulators,” said Chief Financial Officer of AXA Mandiri Iwan Pasila.

Business growth throughout 2012, the company claims to be the market leader in Indonesia bancassurance. AAJI report on the third quarter of 2012 showed AXA Mandiri is located at the top of the bancassurance market share of 34.1% by Weight New Business Premium.

AXA Mandiri will continue to enhance the company’s growth and its commitment to utilize its financial strength in order to improve service to customers and support sales reps.

“This includes providing services proactively reach customers as services that directly serve the customer makes a claim on health care for example through our Care Corner in RSPP,” said Jon.

Profit Down 22.71 Percent Mortgage

Mortgage PT (Persero) first half net profit in 2013 amounted to Rp718 billion, a decrease of 22.71 percent over the same period in 2012 amounted to Rp929 billion.
“The decline in net profit slump triggered by the price of gold in the International market,” said the Director of Mortgage Finance, Agus Dwi Pramoedya, on the sidelines of the show “Pawn Gebyar Bazar”, in Jakarta on Thursday.
According to him if at the beginning of January 2013 the price of gold reaches approximately 1,483 U.S. dollars per troy ounce, but in June 2013 was in the range of 1,300 U.S. dollars per troy ounce.
According to Dwi, due to the decline in gold prices is continuous then the company had earmarked Rp 400 billion by the end of 2013 in anticipation of the continued decline in prices.
“Spare us prepare to face the potential loss. If the gold price does not go up until the end of 2013, it was forced to take action” for sale “to the collateral. Yagn So the loss was covered by reserves,” he said.
He explained that the decline in gold prices greatly affect the performance of the Mortgage, as appropriate business enterprise is dominated by gold pawn portion that currently account for about 97 percent.
“Mortgage loan disbursement will face obstacles if the thirst of gold continued to decline until the end of the year,” he said.
Despite a decline in net profit expressed Dwi, but in terms of revenue Pawnshop still posted gains.
“During the first semester of 2013, revenue reached Rp 4 Pawn, 1 trillion, up 6.5 percent over the same period of 2012 amounted to Rp3, 8 trillion,” he said.
Likewise, assets, until June 2013 grew about 13 percent to around Rp33 trillion, from the previous Rp29 trillion.
He said, gold pawn business until June 2013 the company was able to print revenue of Rp46 trillion, soaring from about Rp43 trillion previously.
The same time, revenue-based sharia pawning gold reached 6 trillion, up 8.6 percent from the previous Rp 5, 5 trillion.
Truly said Dwi, Pawnshop business as a whole still increase, but only because the price of gold dipped impacting net income.
The number of customers increased Pedagaian still about 15 percent to 14.4 million in the first half of 2013 from the previous 13.7 million customers.
“This marks the mortgage business will continue to grow in the future,” he said.

JAL profit down 31.9 percent

Japan Airlines (JAL) announced a net profit in the April-June period fell 31.9 percent to 18.33 billion yen (187 million dollars), after rival All Nippon Airways reported a loss due to soaring fuel costs.

JAL, which re-listed its shares in Tokyo last year after a bankruptcy restructuring high performance, reported sales totaled 294.1 billion yen, up 2.6 percent.

While the carrier did not give specific reasons for lower profits, where a sharp decline in the yen exchange rate has boosted the price of fuel is predominantly dollar-denominated purchases. Fuel is one of the biggest cost element for the aviation industry.

Four months Boeing Dreamliner in-“grounded” also hit two largest airlines in Japan, where ANA said on Tuesday that the crisis has helped drag losses of 6.6 billion yen for the three months to June.

For the fiscal year to March 2014 JAL retaining previous forecast unchanged, the net profit of 118 billion yen in total sales of 1.272 trillion yen, reported AFP.