Indonesia Market Summaries April 17 2013

SSIA announced dividend growth of 170%

Surya Semesta announced that they will pay Rp141.2bn or Rp30/sh as dividend which implies 170% growth yoy. The dividend growth is in-line with the company’s net profit growth of 175% in FY12. (Bisnis Indonesia)

AISA increase CAPEX to IDR 808.9 Billion

PT Tiga Pilar Sejahtera Food (AISA) in Indonesia Market Summaries,  has set aside IDR 808.9 Billion for capital expenditure. The CAPEX will be allocated to develop two rice mills, which would double grain production to 240,000 ton a year. The remainder of the CAPEX budget will be used for their plantation division, notably palm oil. They are planning to garner additional land, amounting to 770 hectares. Lastly, the smallest portion of their CAPEX would be allocated into their food division. Specifically, the Company is planning on adding more production lines within their factories. Another note, the Company is also planning to increase the price of their products by about 5% this year. (Kontan)

JAPFA developing feedlot and breeding center in China

PT Japfa Comfeed Indonesia is currently developing a breeding center and feedlot for livestock in China. The output target would be to breed, and essentially ‘fatten’, 90,000 cows per year or 30,000 cows per cycle (each cycle being four months). (Kontan)

Surya Internusa Fantastic Profit

Surya Internusa recorded a fantastic profit up 165.52%

PT Surya Semesta Internusa Tbk (SSIA), an industrial zone developer posted net profit during 2012, Rp 738,62 billion. Up 165.52% from the performance of 2011, Rp 278,18 billion.

Totaling of Rp 707,25 billion attributable to the parent entity and the remaining of Rp 31,37 billion attributable to non-controlling interests.

Net earnings per share of the company had come up to Rp 150 per share from the previous year, Rp55 per share.

Based on the company's financial statements by December 31, 2012, published today, Friday (03/15/2013), net profit growth was driven by operating income and other income.

The net profit margin for SSIA in the period January to December 2012 stood at Rp 3,56 trillion, up 23.82% from the previous year's performance, Rp 2,88 trillion.

Meanwhile, other income recorded jumped to Rp 43,81 billion from the previous year, Rp 9,94 billion. This also surged 114.43% to 20.72% from the previous year, 9.66%.

Cost of revenue of the company recorded Rp 2,27 trillion, up 8.23% from the previous year's performance, Rp 2,1 trillion.

Income before taxes was recorded Rp 877,96 billion, up 127.99% compared to the performance of the same period of 2011 at Rp 385,09 billion. (Bisnis Indonesia)

Surya Internusa Fantastic Profit

Surya Internusa recorded a fantastic profit up 165.52%

PT Surya Semesta Internusa Tbk (SSIA), an industrial zone developer posted net profit during 2012, Rp 738,62 billion. Up 165.52% from the performance of 2011, Rp 278,18 billion.

Totaling of Rp 707,25 billion attributable to the parent entity and the remaining of Rp 31,37 billion attributable to non-controlling interests.

Net earnings per share of the company had come up to Rp 150 per share from the previous year, Rp55 per share.

Based on the company's financial statements by December 31, 2012, published today, Friday (03/15/2013), net profit growth was driven by operating income and other income.

The net profit margin for SSIA in the period January to December 2012 stood at Rp 3,56 trillion, up 23.82% from the previous year's performance, Rp 2,88 trillion.

Meanwhile, other income recorded jumped to Rp 43,81 billion from the previous year, Rp 9,94 billion. This also surged 114.43% to 20.72% from the previous year, 9.66%.

Cost of revenue of the company recorded Rp 2,27 trillion, up 8.23% from the previous year's performance, Rp 2,1 trillion.

Income before taxes was recorded Rp 877,96 billion, up 127.99% compared to the performance of the same period of 2011 at Rp 385,09 billion. (Bisnis Indonesia)