JAKARTA (IFT) - Indonesia became the largest buyer of virtual gift products in the global social network, Mig33. According to one senior manager, there are as many as four million online transactions per month in the site, with an average expenditure of US$2.5 per member, with about 53 percent coming from Indonesia.
Mig33 is a social networking or chat-based site developed in Perth, Australia, December 2005. Mig33 has members spread across 200 countries. It relies on revenues from product sales of virtual gifts to its members. Currently, there are around 20,000 virtual gifts sold in the site, with prices ranging from Rp 500 to Rp 22,000. Mig33 Manager noted that in one month, there were one billion chat exchages and four million shopping transactions.
Net profit of listed food manufacturer PT Tiga Pilar Sejahtera Food Tbk (AISA) for the first quarter of 2013 climbed 37.8 percent year-on-year (YOY) to Rp 65.6 billion (US$ 6.69 million) from Rp 47.6 billion that was attributed to sales hike, among others.
Listed basic chemical manufacturer PT Lautan Luas Tbk (LTLS) has opened the offering period for the 2013 sustainable bond I issuance worth a total of Rp 1.2 trillion in two years. Proceeds from the bond issuance will be used to pay off bank loans.
Motorcycle manufacturer PT Astra Honda Motor (AHM) has actualized the construction of its fourth factory in the Indotaisei Industrial Area in Karawang, West Java, with an investment of Rp 3.3 trillion. Development of the factory is expected to be completed in 2014, and will have production capacity of 1.1 million units per year.
Listed toll road company PT Jasa Marga Tbk (JSMR) allocates Rp 8 trillion in investments to build four toll road sections (three new toll road sections and one toll road replacement project) this year. The four projects are the Gempol-Pandaan, Gempol-Pasuruan and Surabaya-Mojokerto sections and the Porong-Gempol toll road section relocation.
Listed oil and gas services company PT Radiant Utama Interinsco Tbk (RUIS) has a faster asset turnover compared to PT Elnusa Tbk (ELSA). Radiant Utama’s asset turnover for the first quarter of 2013 increased three percent YOY to 34 percent, while Elnusa’s slipped one percent YOY to 24 percent. With asset growth of 19 percent, Radiant Utama’s revenue rose 32 percent YOY to Rp 417 billion.
The revenues of PT Telekomunikasi Indonesia Tbk (TLKM) and PT XL Axiata Tbk (EXCL) from interconnection fee for the first quarter of 2013 were negative due to the interconnection fees that the companies must pay that exceeded their revenues from interconnection fee. Telkom’s interconnection revenue for the first quarter reached Rp 1.15 trillion with cost of US$ 1.18 billion, while XL Axiata’s interconnection fee reached Rp 749 billion with cost of Rp 942 billion.
The net profit of listed coal mining company PT Harum Energy Tbk (HRUM) for the first quarter of 2013 declined 26 percent YOY) to US$ 7 million due to the drop in coal prices.
PT Sinarmas Multiartha Tbk (SMMA), the holding company of Sinarmas Group, may potentially cancel the plan to conduct rights offering with non-preemptive rights. The company has not yet obtained suitable prospective investors that will buy the shares, an official of the company said.
The net profit of PT Majapahit Securities Tbk (AKSI) for the first quarter of 2013 fell to Rp 541.83 million YOY from Rp 914.49 billion. The decline was attributed to the company’s basic income that fell to Rp 2.14 billion from Rp 2.6 billion.
Net profit of PT Bank Mutiara Tbk (BCIC) for the first quarter of 2013 sank 57.12 percent YOY to Rp 18.67 billion from Rp 45.53 billion due to the increase of non net interest operating cost hike of 95.7 percent YOY to Rp 68.89 billion from Rp 35.2 billion.
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December 19th, 2012