Sep 30, 2010

Danareksa posts Rp46.83 bio net profit

State-owned company PT Danareksa (Persero) today announces Rp46.83 billion net profit at the end of June 2010 from Rp52.55 billion net loss in the first half of 2009.
In the financial statement published today, Danareksa's better performance was mainly contributed by a steep jump in operating revenue.
The company posted Rp241.75 billion revenue in 1H 2010, a 105.59% jump from Rp117.59 billion a year earlier.
It booked higher interest charges of 11.17% from Rp72.09 billion in 1H 2009 to Rp80.14 billion in 1H 2010.
Operating expenses rose 3.67% from Rp98.26 billion in 1H 2009 to Rp101.87 billion in 1H 2010.
Danareksa turned into positive operating profit of Rp59.74 billion in 1H 2010, a 213.25% increase from Rp52.75 billion operating loss in 1H 2009.

Disclosure: No position at the stock mentioned above.  

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