Friday, March 1, 2013

Market News Jakarta 1 Mar 2013

Central Omega Booked a 70.98% Increase in Net Profit 70,98%

Nickel producer, PT Central Omega Resources Tbk booked a 70.98% Increase in net profit to Rp303,45 billion consolidated from revenue last year Rp177, 48 billion. The Rp303, 33 billion attributable to owners of the parent entity and the remaining Rp119, 86 million attributable to non-controlling interests. Meanwhile, earnings per share fell to Rp55 per share from the previous year because of Rp92 per share diluted. (Bisnis Indonesia)

Bank Rakyat Indonesia give 30% dividen pay-out ratio in 2013

BRI 2013 annual general meeting of shareholders decided on 30% dividend pay-out ratio for 2012 net profit of Rp18.5tr from 20% in 2011, totaling IDR 5.55tr. This translates into around Rp223/share and dividend yield of 2.3%. BRI also agreed on IDR 2.59tr as reserved funds and IDR 10.37tr as retained earnings in 2013. The bank targeted a 15-18% YoY growth in net profit to more than IDR 20tr in 2013 from IDR 18.52 tr (23% YoY) in 2012. Loans growth is expected to lower to 18-22% YoY in 2013, from 23% YoY in 2012. (Investor Daily)

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