Mar 15, 2010

Barito collects more Gozco shares

PT Barito Pacific Tbk (BRPT) has increased its shares ownership in CPO producer PT Gozco Plantations Tbk (GZCO).
BRPT, a parent that is controlled by Indonesian tycoon Prajogo Pangestu, bought 500,000 shares, 10 million shares, and 19,21 million shares of GZCO respectively on January 22 2010, March 8, and March 10 from the market.
In total, Barito now owns 529.71 million shares or 10.59% in GZCO from previous position of 500 million shares or 10%. Gozco posted a 273.31% jump on its net profit from Rp54.75 billion in 2008 to Rp204.39 billion last year.

 

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