Jun 12, 2011

Bakrie posts Rp281 bio 1Q net loss

PT Bakrie & Brothers Tbk (BNBR), parent company of Bakrie family, booked Rp281.41 billion net loss in the first quarter of this year, a reverse from Rp104.09 billion a year earlier.
In a statement last week, Bakrie & Brothers' operating profit dropped 76,67% to Rp55.43 billion from Rp237.58 billion. Operating expenses rose to Rp808.29 billion from Rp771.81 billion. 
Net revenue slightly decreased to Rp2.82 trillion from Rp2.83 trillion. Net debt was Rp9.85 trillion and equity increased to Rp14.45 trillion from Rp13.65 trillion.

Disclosure: No position at the stock mentioned above.  

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