Astra Print Profit of Rp 4.3 trillion, Thinning 7%

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.

Adobe’s acquisition of Neolane Rp 5.8 Trillion

Adobe Systems announced the company’s acquisition of Neolane marketing company. The transaction value of U.S. $ 600 million (about USD 5.8 trillion). The marketing company itself only has annual revenues of approximately U.S. $ 60 million (approximately USD 580 billion).
“It would make a better leader on Adobe’s digital marketing services and strengthen the Adobe Marketing Cloud,” said Brad Rencher, Senior Vice President of Digital Marketing.
Established in 2001, Neolane is headquartered in Paris, France, and serves a number of large clients such as Accor Hotels, Alcatel-Lucent, IKEA, Samsung, Sony, and Dior.
Neolane is the sixth product from Adobe Marketing Cloud service, which includes Analytics, Target, Social, Experience Manager, and Media Optimizer.
Neolane This acquisition will improve the management of electronic mail services and a large amount of real-time recommendations.

Dividend Coverage Telkom Rp 7.1 Trillion to Shareholders

PT Telekomunikasi Indonesia (Persero) will distribute a cash dividend of 55% of net income in 2012. The dividend equivalent to Rp 7.1 trillion, or a minimum of USD 369.1 per share.

In late 2012, the state-owned company posted a net profit of Rp 12.9 trillion or 17.2% when compared with net income in 2011 reached Rp 11 trillion.

Managing Director of Telkom, said Arief Yahya, profit growth was driven by the performance of the company’s subsidiary, Telkomsel, which performs continuous plume.

“Entities subsidiary, Telkomsel is still a major contributor to the company’s business,” Arief said the AGM in 2013, at the Ritz Carlton Pacific Place, Sudirman CBD, Jakarta, Friday (04/19/2013).

“In addition, a special cash dividend of 10% of net income of Rp 1.3 trillion, or at least Rp 67.1 per share,” he said.

The company also set aside retained earnings amounting to Rp 4.5 trillion, which would be used to finance the company’s business development.

In this meeting also approved the addition of members of the Board of Commissioners, by lifting the Commissioner Gatot Trihargo TLKM coded it.

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.

Microsoft gets Rp 8.2 Trillion of Tablet Surface

Jakarta – Microsoft just earned revenues of approximately U.S. $ 853 million (about USD 8.2 trillion) of the Surface tablet sales. This amount is actually less than the abolition of Surface asset value, which does not sell, that is U.S. $ 900 (about USD 8.6 trillion).

This figure was revealed in the annual financial statements submitted to the Agency Microsoft U.S. Securities and Exchange Commission (SEC). “Even so, the number of units sold Surface tablet is not disclosed,” as reported by CNET site on Tuesday, July 30, 2013.

From the report it is also not known how many tablets Surface Pro and RT are marketed. However, according to a Bloomberg report last March, Microsoft only sold about 1.5 million tablets Surface for both versions. For comparison, Apple sold 14.6 million iPad tablets in the second quarter last units only.

Since the beginning, Surface tablet sales did not ever reach the maximum. Surface RT were sold in October and Surface Pro in February received a cool reception from the market. Even at discount party towards the end of last year in the United States, only a few people who want to buy this tablet.

Earlier this month, Microsoft has lowered the sale price by 30 percent due to the slow sales volumes. And apparently, this discount can attract potential consumers because Walmart supermarket stores had stock tablet Surface inform if they are selling has run out.

PTPP Rp 92.94 billion Dividend Coverage

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.

Indonesian Cement Net Profit Up 22.9 percent

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.

“The increase in sales is outpacing the growth of the Indonesian Cement industry plant operations supported by Tonasa Tuban IV and V and the solid synergies, especially in the field of marketing and distribution in Indonesia Cement Group, so we were able domestic market share increased to 43.6 percent from last year’s 40 , 9 percent, “said President Director of Semen Indonesia, Dwi Soetjipto in a written statement received by Tempo, July 29, 2013.

Of the domestic market, the composition of the Indonesian Cement revenues derived from customers in Java and outside Java almost equal. In the first half of 2013, the Java market accounted for revenue of Rp 5.72 trillion (52.43 percent of total domestic sales), while consumers outside of Java contribute to the revenue of Rp 5.19 trillion or 47.57 percent of the total domestic sales .

In addition to maintaining dominance in the domestic market, Indonesian Cement continues to boost sales to foreign markets, especially countries in Southeast Asia. From January to June this year, Indonesian Cement has achieved record revenues in foreign markets amounted to Rp 511.64 billion. This number jumped 170 percent compared to overseas sales in the first half of last year which was only Rp 30.34 billion.

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%.

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.

Permata Bank Net Income Up 15 Percent

JAKARTA-PT Bank Permata Tbk throughout the first half 2013 net profit of Rp 818 billion, up 15 percent compared with the same period in 2012.

Director of Bank Permata, David Fletcher said the company’s total operating income by the end of June 2013 amounted to Rp 3.2 trillion, up 12.28 percent compared with the same period last year to Rp 2.86 trillion.

The increase in operating income was driven by growth in net interest income and fee-based revenue (fee-based).

In this case, the net interest income grew 12 per cent year on year to Rp 2.56 trillion, while the fee-based income rose 11 percent from the same period in 2012, to Rp 638 billion.

On the other hand, bank lending grew 27 percent year on year 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.’s Total assets reached Rp. 144.3 trillion, up 31% yoy from Rp 110.6 trillion per 30 June 2012, “said Fletcher.

More diverse funding base and grow sustainably. Third-party funding, including from Islamic-unit increased 32 percent yoy to Rp 116.1 trillion. Composition of demand deposits and savings deposits recorded an increase of respectively 16 percent yoy and 6 percent yoy.

Meanwhile deposits recorded strong growth at 41 per cent yoy. Sharia financing recorded a significant increase in the amount of 95 per cent yoy.

“I am pleased to convey that the Bank’s operational performance improved strongly in the first half of 2013 this through our disciplined in carrying out the strategy,” said Fletcher.