PT PP Tbk (PTPP) to new contracts worth Rp 9.5 trillion as of June 2013. The new contract is 2.5 times higher than the same period of the contract in the previous year.
“This acquisition nearly 50% against the target of a new contract this year from Rp 19.7 trillion,” said Corporate Secretary of PT PP Betty Ariana in a statement on Tuesday (07/16/2013).
With the acquisition of this new contract the company’s order book as of June 2013 reached Rp 25.3 trillion. This year the company is targeting sales of USD 10.2 billion with a net profit of Rp 370 billion.
Turnover and profit will be contributed from the five areas of the company’s business digeluri, construction, property, EPC, investment, and production of precast concrete.
Major projects that the company achieved, among others, the Port-Cilegon Krakatau Bandar Samudra, Nifaro Apartments, St Moritz, The Kencana, Cikampek Toll-palimanan, Tunjungan Surabaya Plaza V, Terminal 3 Seekarno Hatta Cengkareng Airport, railway in South Sumatra by PT KAI, infrastructure Sarulla 300 MW power plant in North Sumatra, Banten Intermark apartments and EPC projects Tanjung kitbag 120 MW Combined Cycle Power Plant, 160 MW power plant Bangkanai, and CNG Muara Tawar.
In addition, the company also received a new contract abroad, namely in Tibar Gleno Road, East Timor, amounting to Rp 264 billion.
Major program in the property sector which will begin in late 2013 the development landbank owned by the company, in the form of mixed use on an area of 4 hectares in Surabaya and a land area of 20 hectares in Jakarta. The target market is upper middle class.
Head of Special Unit the Upstream Oil and Gas (Migas SKK) Rudi Rubiandini estimates, production of crude oil and condensate in 2013, up 834,000 barrels per day.
“At present, production is 831,700 barrels per day and by the end of the 834 000 barrels,” he said in Jakarta on Tuesday.
According to him, the production level is still lower than the budget target set at 840,000 barrels per day.
“But, to be 99.3 per cent achievement was good,” he said.
In the last 1.5 months, production is declining mainly due to a number of field maintenance cut gas condensate production.
However, he added, in the second half of 2013, the SKK optimistic that production could increase to 840,000 barrels per day.
Although, in the second half of 2013, the production of the Offshore North West Java (ONWJ) down due to bridge work (plattform).
However, in the second half as well, there is the addition of Block West Madura Offshore (WMO) which started production three wells.
In contrast to oil, Rudi optimistic “lifting” gas will exceed the budget target.
According to him, until the first half of 2013 production was still 6,998 BBTUD or lower than the budget target BBTUD 7175.
“However, we are optimistic until the end of 2013 will exceed the budget target,” he said.
Head of the Division of Oil and Gas Utilization Gas SKK Popi Nafis Ahmad added that the present downturn is “lifting” gas is mainly because there is a maintenance schedule Tangguh, Papua, and Bontang, East Kalimantan, and damage to electrical transformer in Cilegon, Banten.
“However, going forward, there is a field that will increase its production,” he said.
Which are expected to come from South Mahakam field managed by Total E & P Indonesia with a production rate of 115 MMSCFD, Musi East of PT Pertamina EP 20 MMSCFD, Epic Sengkang 12 MMSCFD, and Ruby from Pearl Oil Sebuku 6.7 MMSCFD.
PT Multi Bintang Indonesia posted a 20.07 percent rise in net profit or Rp 690.35 billion in the first semester of 2013. The increase in profit was seconded beer sales in the domestic market.
In a disclosure, Tuesday, July 30, 2013, local sales Multi Bintang Rp 2.08 trillion or 99 percent of the value of the company’s total sales. Beer sales revenue accounted for 88.8 percent or Rp 1.54 trillion. The rest is supported by the sale of non-beer beverages.
According to the President Director of PT Multi Bintang Indonesia, Chin Kean Huat, there are two major customers that a sales increase of more than 10 percent. Both are Indonesia’s PT Gitaswara sales accounted for 14 percent and PT Bintang Bali Indah by 11.8 percent.
For gross profit, Multi Star posted an increase of 26.8 percent or Rp 1.34 trillion. Multi Bintang business profit reached Rp 926 billion, up 22 percent from the same period in 2012.
Multi Bintang Indonesia is a subsidiary of Asia Pacific Breweries Limited (APB), one of the major players in the international beer industry. Through the mill in Sampang Agung, Mojokerto, East Java, and Tangerang, Banten, Multi Bintang producing famous drinks, such as Bir Bintang, Heineken, Guinness, Bintang Zero, and Green Sands.
Housing Development Tbk PT or PTPP recorded net profit surge 2.2 times or to Rp 143.4 billion in the first half of this year compared to the same period in 2012 of Rp 64.8 billion.
The increase in earnings was driven by increased revenue also doubled to Rp 4.17 trillion. The increase was, among others, the contributions of some major projects such as EPC projects and plant PLTGU Tanjung kitbag Duri Riau, Kalibaru port, Kuala Namu Airport, Semarang toll road-Bawen, Donggi Senoro roads and building projects privately owned.
In addition, the subsidiary factory precast concrete industry has also begun to contribute revenue and profit.
“The contribution of income and profit from property business pillar is projected to increase significantly in the next five years”, said Managing Director PTPP, Bambang Triwibowo, in Jakarta, Thursday (01/08/2013).
As of June 2013, the company has bagged new contracts amounting to Rp 9.5 trillion, or 2.5 times over the same period in 2012. Large projects that were achieved, among others, the Port-Cilegon Krakatau Bandar Samudra, Nifaro Apartments, St Moritz, The Kencana and Cikampek Toll-palimanan.
In addition, there is also a toll road development projects Gempol-Pandaan, Tunjungan Surabaya Plaza V, Terminal 3 Soekarno Hatta airport, railway in South Sumatra PT KAI, Infrastructure Sarulla 300 MW power plant in North Sumatra, Banten and Intermark apartment project 120 MW Combined Cycle Power Plant EPC Tanjung kitbag, 160 MW power plant in Muara Tawar Bangkanai and CNG.
With the acquisition of this new contract the Order book as of June 2013 reached Rp 25.3 trillion. This year the company expects revenue of Rp 10.2 trillion and net profit of Rp 370 Billion which is contributed from the five areas of the business they work at the company’s Construction, Property, EPC, Investment and Production of Precast concrete.