Indonesian Cement Net Profit Rises 22.9% First Half

JAKARTA – PT Semen Indonesia (Persero) Tbk recorded a growth of solid financial performance in the first half of 2013. Recorded a net profit of Rp 2.58 trillion or Rp 436 per share. The net income increased 22.9% from the same period in 2012.

In his press conference, Wednesday (31/7), Indonesian Cement said net profit growth is in line with the achievement of revenue of Rp 11.4 trillion. First half revenues increased 31.9% over the same period last year of Rp 8.6 trillion.

Total revenue was supported by the cement sales volume recorded 12.23 million tons, an increase of 18.3% over the same period last year amounted to 10.32 million tons. Consisted of domestic sales volume amounted to 12.14 million tonnes (up 18%) and export sales of 0.09 million tonnes (up 170%).

Meanwhile, the national cement sales volumes (industry) grew 7.5% to 27.83 million tonnes compared to the previous period of record 25.89 million tonnes.

Dwi Soetjipto, President Director of Semen Indonesia, said Indonesia’s cement sales growth outpacing industry growth supported the operation of plant Tonasa Tuban IV and V. Support was also obtained from the solid synergies, particularly in the areas of marketing and distribution in the Indonesian Cement Group.

“It makes us capable domestic market share increased to 43.6% from 40.9% last year. We will continue to expand the market from year to year, “said Dwi.

Prime Gapuraprima profit soars 318% So 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.

Astra International reported net profit of Rp 8, 8 trillion

PT Astra International Tbk (ASII) posted a net profit of Rp 8, 8 trillion in the first semester of 2013, down nine percent compared to the same period in 2012 Rp9, 7 trillion.

“The performance of the company and its subsidiaries in the first semester of 2013 showed a slight decrease compared to the first half of 2012,” said President Director ASII, Prijono Sugiarto in a press release here on Tuesday.

He added that Astra’s net income during the first six months of 2013 also decreased by two per cent to Rp94, 3 trillion, compared to the same period in 2012 amounted to Rp95, 9 trillion,

“Although the outlook remains positive domestic demand, increased competition in the automobile market, rising labor costs and declining commodity prices expected to affect the performance of the business in the second half of this year,” he said.

He argues Astra Group activities remain focused on six core business lines, namely the automotive division, financial services, heavy equipment and mining, agribusiness, infrastructure and logistics, and information technology.

Mentioned, several divisions which decreased net income in the first semester of 2013 the automotive division fell by 10 percent to Rp 4, 4 trillion. Net income and mining equipment division fell 24 percent to R1, 4 billion.

Then, the net profit agribusiness division decreased by 25 percent to Rp571 billion. And the net profit and logistics infrastructure division fell by 29 percent to Rp223 billion.

Meanwhile, the division has increased, the financial services division’s net profit rose 19 per cent to Rp2, 1 billion. And, net income and information technology division of Rp55 billion, up two percent compared to the first half of 2012.

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.