Category Archives: Market and Commercial

Lucky Cement Indonesia Rp 2.58 T in 6 Months, Up 23%

jaysonhyd   July 25, 2017  
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State-owned cement holding Indonesia Tbk, PT Semen successfully obtained a net profit of Rp 2.58 trillion in the first half of 2013. This profit rose 22.9% over the same period last year.

Semen Indonesia President Director Dwi Soetjipto said net profit was supported by the 31.9% increase in revenue to Rp 11.4 trillion. From the same period last year to Rp 8.6 trillion.

The income supported a total cement sales volume stood at 12.23 million tons, an increase of 18.3% over the same period last year amounted to 10.32 million tonnes, which consists of domestic sales volume amounted to 12.14 million tons (an increase of 18 %) and export sales of 0.09 million tonnes (up 170%).

While the national cement sales volumes (industry) grew 7.5% to 27.83 million tonnes 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% from last year’s 40 , 9%. We will continue to expand the market from year to year, “Dwi said in a press release on Monday (07/29/2013).

Most of the company’s revenue comes from the domestic market amounted to Rp 10.91 trillion, equivalent to 95.53% of total revenue in the first half of this year, an increase of 26.42% compared to sales in the same period last year of Rp 8 , 63 trillion.

Of the domestic market, the composition of the Indonesian Cement revenues derived from customers in Java and outside Java almost equal. Markets in Java contributed revenue of Rp 5.72 trillion (52.43% of total domestic sales), while consumers outside of Java contribute to revenue of Rp 5.19 trillion or 47.57% of 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 nearly 170% compared to overseas sales in the same period last year of Rp 30.34 billion.

Commodity price doldrums, Uno Uno Corporate Profit Drops 65%

jaysonhyd   July 25, 2017  
Motobot

Saratoga Investama Tbk PT Federal International (SRTG) made a profit of Rp 188.34 billion in the first half of 2013, down 65% when compared to the same period last year of Rp 539.61 billion. The fall in profits due to weak performance in the subsidiary coal and palm oil sector.

“Weakness in the coal and palm oil sector makes to the weakening performance,” said President Director of Saratoga Uno Uno S in Jakarta, Thursday (08/01/2013).

The Company recorded revenue of Rp 1.165 trillion in the first six months of this year, revenue rose compared to the previous year in the same period to Rp 1.138 trillion.

Load reduced income from Rp 1,063 to Rp 1,038 trillion trillion at the end of June 2013. So the gross profit and operating profit growth is still positive.

The company’s net profit could decline due to other expenses are quite high, especially because of the performance of subsidiaries in the coal sector and palm oil weakened.

Saratoga continued to invest in three key sectors to drive economic growth in Indonesia with a long-term outlook is very positive.

“By providing long-term benefits, Saratoga will continue to contribute to Indonesia and the wider community,” Uno added.

One of the company’s subsidiary in the consumer sector, PT Mustika Pinasthika Mitra Tbk (MPMX), earned revenues of Rp 6.78 trillion, contributed by higher sales of motorcycles in East Java and East Nusa Tenggara.

Sales volume increased by 26% to 447,578 units in the first half of 2013 compared to 355,758 units in the same period a year earlier. It is also supported by MPM automotive rental business, which rose 74%, from 6,995 units in the first half of 2012 to 12,104 units in the first half of 2013.

While the sector PT Tower Bersama Infrastructure Tbk (TBIG) won pendapatam surge by 96% This is caused by the growth of a significant tenant of organic growth and through acquisitions, from 8,584 tenants as of June 2012 to 15 277 tenants in June 2013.

In line with the increase in revenues, gross profit TBIG also been increased by 98% in the first half of 2013.

Saratoga Investment in PT Lintas Marga Sedaya managing highway projects Cikampek-palimanan goes according to schedule. Overall construction was started in January 2013.

The entire land has been acquired, the work permit has been issued by the authorities and senior debt facility is executed as well as drawdown begins in line with the project an important milestone.

While the natural resources sector, global sentiment towards commodities affect the performance of associated companies (investee companies) engaged in integrated coal sector, mining and palm oil.

Such as PT Adaro Energy Tbk (ADRO), Provident Agro, and PT Agro Maju Raya (Amara) which was corrected earnings

Expand in Insurance and Banking

Entering the second half of 2013, the company plans to enter into the insurance and banking sectors. This sector, said Uno, still very attractive in Indonesia.

“We are open to look at opportunities in the banking sector. Banks in Indonesia are very good, the growth of the industry is still good,” he said.

The Company is developing in the direction of the two sectors of the industry. How, can by buying an existing company or create new company from scratch.

“The business model we are usually targeting existing enterprises and capital needs. But it could also open opportunities from zero,” he said.

The story of Home Based Entrepreneurs Raup Turnover Pastries Rp 1 Billion At Eid

jaysonhyd   July 20, 2017  
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As usual, the annual event and Eid Fasting brings blessings to the home pastry manufacturers, such as Kampung Utami Donuts (DKU).

Starting from selling donuts round in the villages and schools, Rosidah Widya Utami DKU brand owner managed businesses manage cookies ‘kampung’ upscale flavor.

Rosidah always flooded with orders. Unmitigated, in this year’s Lebaran turnover pastries home to break out over USD 1 billion.

“If fasting and Eid sales rose dramatically. Turnover can be up more than Rp 1 billion, last year turnover is USD 500 million. Fasting and Eid bring blessings yes, working 2 months of the results could be eaten for 2 years,” said Rosidah to detikFinance, in Jakarta, Sunday (08/11/2013).

According Rosidah, pastry production is now sold out the public interest. Not only from Jakarta and surrounding areas, dry cake which is produced in Jombang, East Java, has been extended to Kalimantan and Sumatra.

“The biggest demand of Jakarta and its surroundings, then followed from Borneo and Sumatra,” he said.

So many orders, he had to help workers to meet consumer demand. Today, the home-based business is owned Rosida join assisted at least 40 employees.

It turned out pretty itutidak aid workers. Without meaning to reject, Rosidah forced to ‘take off’ orders up to 30% of the total demand amounting to Rp 300 million to Rp 400 million.

“A lot of orders to the extent not kepegang. Approximately 30% of orders are not handled so many, could be worth up to Rp 300 million to Rp 400 million was missing. Peak right at H-7 yes but 3 weeks before Eid we’ve stop receiving orders due to demand overload occurs there, “he explained.

According Rosidah, retaining customers is the key to providing the best service and quality.

Indonesian Cement Net Profit Up 22.9 percent

jaysonhyd   July 16, 2017  
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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.

Taxi Express Gets Rp 60 Billion Profit, Grow 54%

jaysonhyd   July 15, 2017  
Motobot

Is ground transportation services brand Express, Express Transindo Main Tbk PT (TAXI) earned a net profit of Rp 60.5 billion. The amount of net income increased 54% when compared to net income in the same period in 2012 amounting to Rp 39 billion. This achievement exceeded the company’s target of Rp 59 billion.

The rise in net profit driven by the acquisition of the company’s total revenue per June 30, 2013 which reached Rp 331.3 billion, an increase of 40% when compared to the same period of the previous year of Rp 237 billion.

“The Company’s financial performance this semester boast, revenue growth and significant earnings thanks to the success and efficiency of the Company’s expansion strategy, in addition to our success was due to maintaining the quality of service,” said Chief Financial Officer Taxi Express David Santoso in a press release, in Jakarta, Friday (2 / 8/2013).

He said the biggest contribution is still dominated by regular taxi which reached 84%. The rest of the Business Value Added Business Transportation Limousine dominated by vehicles that are in Bali, Lombok, Bandung and Jakarta.

Express regular cab fleet itself which operates to this day more than 8,800 units, which is targeted to reach 10 035 units by year-end.

“This year we expect to be able to add to our regular fleet of 2,000 units,” added David.

For this year, he said, the company aims to add 5 new pool in the area Jadetabek.

According to him, from the target, the Company has been getting 3 new locations for the pool. The Company is currently looking for a location for a second pool. Indeed most current pool still in Jadetabek. In addition to the Jadetabek, Express Group also has a pool in the other areas, namely in Bali, Lombok, Medan, Surabaya and Semarang.

Meanwhile, with regard to the new tariff set Express Group, David explained that it does not affect the Company’s financial.

This is because the Express Group implemented a partnership scheme with the driver, so that the new tariff solely to adjust the driver’s income and maintain the welfare of each individual driver’s partner.

While the driver of the Company’s partners deposit value remained elevated and did not participate. “We will continue to focus on improving service to our customers. We are confident in the consistency of the Company’s future financial performance has continued to increase, especially taxi business in Indonesia is very potential, “he explained.

Telkomsel Gets Profit Rp 15.7 trillion and 125 Million Subscribers

jaysonhyd   July 14, 2017  
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Mobile operator Telkomsel recorded a net profit of Rp 15.7 trillion in 2012, growing 22% over the previous year with the growth of 17% to 125 million.

It is delivered in the General Meeting of Shareholders (AGM) held recently at the Head Office and attended by the Board of Commissioners Telkomsel Telkomsel.

Noted, all aspects of double-digit growth and exceeded the average Indonesian telecommunications industry, with revenue growth of 12% to Rp 54.5 trillion, including EBITDA in 2012 were also increased to Rp 30.6 trillion, or 11%.

Telkomsel continued positive growth is believed to be a strong foundation to face competition in the telecommunications industry in 2013, is getting tougher by doing a variety of groundbreaking products and services.

“The high confidence to Telkomsel subscribers increasingly cemented as a market leader by the number of subscribers reached 125 million and a 55% market share of the three largest mobile operators in Indonesia,” said Original Brahmin, Corporate Secretary of Telkomsel, Tuesday (04/16/2013).

With 125 million subscribers, Telkomsel is arguably the operator by the number of customers in the world’s sixth largest.

Subsidiary of Telkom also conduct a variety of innovations beyond telco and mobile services and digital data-based businesses, such as by supporting less cash society such as T-Cash and creative industries such as mobile applications and Value Added Services (VAS) other.

Throughout the 2012 SingTel has deployed more than 11,675 3G base stations to fulfill the number of Vodacom 3G base stations to 15 thousand units. Vodacom currently has a total of approximately 54 297 base stations throughout Indonesia.

“Telkomsel has consistently implementing technology roadmap of 3G, HSDPA, HSPA +, as well as being the first operator in Indonesia which successfully tested the service Long Term Evolution (LTE),” First said.

Telkomsel will trust the quality of service has received recognition both nationally and internationally with a number of awards to more than 100 within a period of 18 years serving Indonesia.

Profit Perhutani first semester of 2013 reached Rp466 billion

jaysonhyd   July 14, 2017  
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Profit before tax Perhutani to end first semester of 2013 reached Rp466 billion, up 179 percent from Renca Budget Work Company (CBP) has been determined.

According to a press release from Perhutani received by AFP in Jakarta, on Saturday, the profit of the many donated from round timber sales in the country reached Rp882 billion and Rp520 billion overseas reach.

In addition, sales of other industries in the country reached Rp232 billion, sales of finished wood products industry from abroad totaled Rp50 billion and sales of processed wood (raw sawn timber) in the country reached 30 billion.

Gondorukem products, processed pine resin is the second largest income producer for Perhutani with the value of exports jumped 12 per cent of the target in the CBP. Perhutani gondorukem export markets are Europe, Japan, China and several other countries. Gondorukem Perhutani is the largest producer in Indonesia and Southeast Asia.

Director Sukmananto Perhutani Bambang said targets and business outlook for the second half of 2013 Perhutani directed at four things, ie achieve the production target node exceeds the first half, giving priority to the principles of sustainable forest management, the industry will begin to prepare for productive use and make savings in anticipation of price increases oil to the forest industry.

Perhutani also has several projects such as the completion of construction of the plant in Pemalang gondorukem derivatives, sago factory in Sorong, Papua Perhutani headquarters and development in collaboration with other state-owned enterprises.

Assess Semen Indonesia Rp 3 Trillion Bonds

jaysonhyd   July 9, 2017  
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Jakarta – President Director of PT. Semen Indonesia Tbk Soetjipto said the company examines global bonds worth U.S. $ 300 million or Rp 2.98 trillion. The plan that bonds will be issued next year. “It’s an investment for next year,” he said when met after the event Bisnis Indonesia, Tuesday evening, July 2, 2013.
The Company requires capital expenditure of U.S. $ 500 million – U.S. $ 600 million next year. Half of it comes from the need of external funding is through the issuance of bonds. “For this year we are still strong power of cash.”
Capital expenditure was used to build two new factories in Apex, Central Java, and Indarung, West Sumatra. Some will be used to finance business expansion plans into Myanmar and Vietnam.
Factory in Vietnam built with a production capacity of 2.3 million tons. The investment value of Rp 1.5 trillion in the form of investment of 70 percent ownership stake Thang Long Cement.
The Company is considering a rate cut option Thang Long Cement factory in Vietnam that is too high. “Hopefully in the near future could have taken a decision,” he said.
The plant began operations in Myanmar next year. The investment value of U.S. $ 200 million. The plant production capacity of 6.5 million tons per year. “This new subsidiary with local companies Myanmar, our ownership share of 51 percent minimum,” said Dwi.
This year the company is targeting sales volume in 2013 amounted to 28 million tons, and the company’s 44 percent market share.
Capex this year of Rp 4 trillion. Sources of funding capital expenditure is 40 per cent and 60 per cent internal funds from bank loans.

Projected industry growth of 6.5 percent

jaysonhyd   July 7, 2017  
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National industry growth is projected to end the year at 6.5 percent, in line with national economic growth sought to remain above six per cent.

“I am optimistic the industry growth of 6.5 per cent until the end of the year,” Industry Minister MS Hidayat said after giving the poor kapada Eid gifts and employee groups I and II in the Ministry of Industry, said here on Thursday.

He asserted that the target can only be achieved if other ministries involved escorting a number of investment plans in the industry in order teralisasi this year.

Ministry of Industry, he added, still rely on labor-intensive industries, such as textiles and footwear, as well as other technology-intensive industries and are able to give effect to the creation of the industry chain and new business growth as a draft.

“Labor-intensive industries absolutely must be maintained and are allowed to survive,” said Hidayat. It was judged too important to keep going no huge unemployment in the country.

Hidayat believes processing industry, including the furniture industry, still has a growing trend, compared to primary raw materials-based industries whose prices are falling. Moreover, he said, consumption in the domestic sector is still a mainstay of the national economy, in addition to investment and exports.

“The government agreed to seek national economic growth of not less than six percent,” said Hidayat, who had previously participated in a meeting with the Governor of Bank Indonesia five economic ministers to discuss the current macroeconomic situation.

To keep the national economic growth remained above six per cent, he said, among other things to keep the unemployment rate did not increase, so labor-intensive industries play an important role.

Semester 1, Gas receipts Reaches 18.7 Billion U.S. Dollars

jaysonhyd   July 7, 2017  
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JAKARTA – State revenue from the management of the oil and gas industry-upstream (oil) in the first half of this year reached 18.7 billion U.S. dollars, or higher than the target of 18.4 billion U.S. dollars.

Meanwhile, oil production per day has reached 99 percent, or an average of 831 118 barrels per day from the target set in the state budget in 2013 amounted to an average of 840,000 barrels of oil per day.

Unit chief Special Executive Upstream Oil and Gas (Migas SKK) Rudi Rubiandini claims, the achievement is unprecedented in a period of 3 years.

“The achievement of national oil production up to 99 percent of the budget target has never happened within the last three years. During the period of last three years of national oil production performance was always below 99%,” he said, Wednesday (07/31/2013).

He said the success achieved oil production and revenues is the result of hard work in SKK Oil workers, all workers Cooperation Contract (PSC), leaders and workers in the Ministry of Energy and Mineral Resources and all stakeholders in the upstream oil and gas industry.

Therefore, Rudi appreciation to all stakeholders in order to increase production of oil and natural gas nationwide so that the target could be exceeded state revenues.

Although there are many unsuccessful PSC oil production exceeded the target set in the state budget in 2013, but some of them have worked very well exceed those targets.

Exceed Production

There are seven PSC, which surpassed the target of state budget in 2013, namely ConocoPhillips Indonesia Ltd, Vico Indonesia, Medco E & P Indonesia (S & C Sumatra), PHE ONWJ, Chevron Pacific Indonesia, Medco E & P Indonesia (Rimau) and ConocoPhillips (Grissik) Ltd..

The details are as follows: ConocoPhillips Indonesia Ltd managed to achieve oil production by an average of 34 867 barrels per day from the target in the state budget in 2013 amounted to 32 890.

Vico Indonesia managed to produce as much as 13,740 barrels of oil per day from the target of 13 010 barrels per day. Medco E & P Indonesia (S & C Sumatra) managed to produce 6,841 barrels of oil per day from the target of 6,630 barrels per day;

PHE ONWJ managed to produce 38 996 barrels of oil per day from the target of 38 080 barrels per day; Chevron Pacific Indonesia managed to produce 323 014 barrels of oil per day from the target of 319 430 barrels per day.

Medco E & P Indonesia (Rimau) managed to produce 14,086 barrels of oil per day from the target of 14,060 barrels per day.

For the PSC still can not meet the target set in the state budget-2013 as well as the target in the Work Programme and Budget (WP & B), Rudi hope they can improve their performance.

“Performance targets are not reached so soon improved to the national oil production target can also be exceeded. What we are doing right now is working for the State, for the national interest because it lets us collaborate and work together, “he said.