Good Week for ...

Listed alcoholic beverage manufacturers PT Delta Djakarta Tbk (DLTA) and PT Multi Bintang Indonesia Tbk (MLBI) posted solid profitability in the first quarter of 2013. Delta Djakarta’s gross margin reached 70.04 percent with operating margin of 40.77 percent. Multi Bintang’s gross margin reached 65.42 percent with operating margin of 47.21 percent. Delta Djakarta obtained gross profit of Rp 150.01 billion (US$ 15.45 million, Rp 87.32 billion in operating profit and net profit of Rp 69.2 billion. Meanwhile, Multi Bintang’s gross profit reached Rp 973.37 billion, operating profit of Rp 702.35 billion and Rp 525.37 billion in net profit.

The Pension Fund of PT Bank Mandiri Tbk (BMRI) has prepared Rp 300 billion to expand the company’s investment portfolio in direct equity investments in the third quarter of this year. an official of the company said the company will acquire a property company to increase the company’s direct equity investment.

Large-scale multi-finance company PT BFI Finance Indonesia Tbk (BFIN) secured syndicated loan worth Rp 500 billion in early April, 2013. The term loan will be used to fund the company’s 2013 working capital, the company’s official said.

State-owned large-scale pawnbroker PT Pegadaian (Persero) has obtained permission from the Ministry of State-Owned Enterprises (SOE) to issue a bond worth Rp 7 trillion, or higher than the initial proposal of Rp 5 trillion.

Listed energy and infrastructure company PT Dian Swastatika Sentosa (DSSA) targets 2013’s revenue to climb 19 percent from US$ 629 million in 2012. The revenue growth will be supported by the mining and coal trading segment that is run by the company’s subsidiary, PT Golden Energy Mines Tbk (GEMS).

Bad Week for ...

PT Trimegah Asset Management posted 2012’s revenue growth of 42 percent to Rp 86.15 billion from Rp 60.64 billion in 2011. The company’s revenue did not meet the company’s 2012 target of Rp 90 billion.

Listed banking company PT Bank Mega Tbk (MEGA) obtained consolidated net profit of Rp 195.68 billion in the first quarter of 2013, or a drop of 60.67 percent YOY from Rp 497.55 billion. The net profit decline was driven by the increase on operating cost towards operating revenue of 18.83 percent YOY to Rp 463.98 billion. The drop was also attributed to net revenues that fell 23.76 percent YOY to Rp 706.69 billion from Rp 926.95 billion.

PT Ricky Putra Globalindo Tbk (RICY) obtained net profit for the first quarter of 2013 of Rp 3.89 billion, or a fall of 88.92 percent YOY from Rp 35.12 billion. The net profit drop was caused by operating cost that grew to Rp 209.58 billion from Rp 125.95 billion, albeit the company generating basic income growth to Rp 256.73 billion from Rp 166.16 billion.

Listed garment manufacturer PT Pan Brothers Tbk (PBRX) posted 2013’s first quarter net profit drop of 45.88 percent YOY to Rp 8.58 billion from Rp 15.74 billion that was attributed to cost of goods sold (COGS) and operating cost growth exceeded the company’s sales growth. COGS in the first quarter of 2013 rose 37.65 percent to Rp 551.53 billion, while sales grew 35.58 percent to Rp 619.59 billion. Pan Brothers’ operating cost increased 41.36 percent YOY to Rp 51.74 billion from Rp 36.6 billion.