Bakrie Brothers Raup Rp & 214 Billion Profit, up Five-fold

Jakarta – PT Bakrie Brothers Tbk & (BNBR) recorded a net profit of Rp 214,35 billion in 2012 1st semester-or rise 461% from the same period last year to Rp 45,49 billion. The achievement of these affirming BNBR does not follow in the footsteps of bad PT Bumi Resources Tbk (BRMS) Minerals, son of decreased efforts return 96,33%.

Based on the published financial report, Thursday (16/8/2012), increased the company's profit supported by revenue to reach Usd trillion 11,38 until June 2012.

Parent company Bakrie group is recorded from three businesses omzet i.e. trade, services and investment of Rp 9,64 trillion. And manufacturing and infrastructure Usd trillion and telecommunications venture 1.67 Usd 58,33 billion.

Revenue in the first half of 2012 BNBR ascended 74,23% compared to the same period last year to Rp 6.53 billion. But the company also took charges swelled from $ 4.65 trillion to Rp 9,73 trillion.

This imposes on the company's gross profit decreased from $ 1.87 trillion to Rp 1.65 trillion. In other parts of the company were able to hit the expenses of Usd 1.63 trillion effort last year to Rp 286,05 billion. Trimming the greatest burden resulting from the post of General and administrative burden on business.

The effects of performance business profit of the company grow 465,97% from Rp. 241,59 billion to $ 1.36 trillion. Profit before tax also rose from Usd 10.99 fantastic billion to $ 340,82 billion.

But if you take into account of the owner of the parent entity, profit shrank from 81,67 BNBR Usd billion to Rp 61.23 billion. This is visible from the earnings per share was down from Rp + 0.87 per thin sheet to Rp 0.69 per sheet.

Position of the company's assets per Note Rp 20,59 trillion in June, down compared to end of 2011 Rp position 25,21 trillion. Decline in assets as part of short-term investment terpangkasnya, accounts receivable, as well as third-party enterprise investments in entities and associations governing together.

As the information has some stock company BNBR though not a governing, among them; PT Bakrie Kvaener Uzbektelekom International Engineering, A.O., Jibuhin Indonesia, PT Bakrie Borneo Earth Energy & Metal Pte. Ltd., Earth Borneo Resources Pte. Ltd.

One child other businesses where the company became the joint control are PT Prima Borneo Power.

BNBR management, financial performance include the first half of 2012 is not including those from PT Tbk Bakir Telecom (BTEL) that have didekonsolidasi per 31 December 2011.

(wep/ang)