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.

BSD Bag Sales of Rp 4, 19 Trillion

PT Bumi Serpong Damai Tbk (BSDE) recorded pre-sales of Rp 4, 19 trillion in the first semester of 2013. The achievement equivalent to a growth of 79 percent compared with the same period in 2012 amounted to Rp2, 35 trillion.

“In the first semester of 2013 BSDE has gained 60 percent or Rp 4, 19 trillion marketing sales target of 2013, the Company determined that 7 trillion,” said Director and Corporate Secretary of PT Bumi Serpong Damai Tbk, Hermawan Wijaya quoted from a written statement the company on Tuesday (16/07/2013).

Accelerated growth, he added, is sustained partnership strategy and solid demand for the products of particular residential property that we offer both in BSD City as well as in other projects that we manage.

Under the project, BSD City as a flagship project of the members of the group Sinar Mas Land posted the biggest contribution to marketing sales which amounted to 82 percent. While Tourism contributes the second largest city with a seven per cent next Grand Tourism Bekasi contribute five percent and others.

Based on segment income, the biggest contributor of marketing sales the first half of 2013, recorded by the proportion of land sales by 64 per cent to the total sales and marketing accounted for by the second largest contributor with 26 per cent of residential sales. This was driven by the sale of the land to the three strategic partners of the Company through a subsidiary that was formed by the joint venture scheme. The three partners are, among others, Hongkong Land, AEON Mall Japan and Dyandra.

“In 2012, contribution of land sales in the range of 32 percent residential and 58 percent was recorded. Segment of land this year be the growth driver for the Company, it is our strategy to double its growth through value creation on land-bank that we manage,” he explained.

Home Shop segment (Shophouse) during the first half of 2013 contributed nine percent or Rp391, 72 billion compared to gains in the same period in 2012 which is Rp169, 12 billion. This segment grew 43 percent year on year (yoy) and became the third largest contributor to the Company’s marketing sales.

DSNG Records Rp 260 Billion Operating Profit

JAKARTA – PT Dharma Satya Nusantara Tbk (DSNG) in the first semester of 2013 an operating profit of Rp 260 billion in the first half of 2013, up 9% over the previous period of only Rp 238 billion. This is mainly due to the decrease in cost of sales per ton of crude palm oil (CPO) of 8.4% from USD 4.7 million in the first half of 2012 to Rp 4.3 million.

“Although the price of CPO in the international market this year has decreased, the company managed to maintain the gross profit margin of 28% as of last year, and operating profit margin at the level of 15%,” said Andrianto Oetomo, Vice President Director of PT Dharma Satya Nusantara Tbk (DSNG), in a press release.

Recorded net sales of Rp 1.7 trillion. The amount of net sales contributed by the plantation sector reaches 60% or Rp 1 trillion and wood products sector reaches 40% or approximately Rp 0.7 trillion. The revenue contribution from the plantation sector increased 55% compared to last year.

As of June 2013, total assets of the Company’s total of Rp 5.7 trillion, up 11% compared to the last year of Rp 5.1 trillion. Total equity of the Company to Rp 1.9 trillion, an increase of 35.6%.

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.