Sep 3, 2010

AKR Corporindo seals Rp350 bio loan

PT AKR Corporindo Tbk (AKRA) has secured Rp350 billion loan facility from three lenders.
In a public announcement filed to Indonesia Stock Exchange (IDX) today, AKR President Director Haryanto Adikusumo said the company will use the facility to develop petroleum distribution infrastruture.
The lenders are PT Bank Central Asua Tbk, Indonesia Eximbank, and PT Bank MIzuho Indonesia.
AKR booked an increase of net income by 27,47% in the first half of this year, compared to the same period last year.
In the financial report published, the company reported its net income reached Rp140.79 billion atau Rp38.30 per share in the first half of 2010, compared with Rp110.45 billon or Rp35.34 per share in the same period last year.

Disclosure: No position at the stock mentioned above.

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