May 7, 2012

Bakrie & Brothers posts Rp132 bio profit

PT Bakrie & Brothers Tbk (BNBR), a holding company of Bakrie family, today reported a Rp132 billion net profit last year. The company posted operating profit of Rp1.76 trillion last year from Rp4.01 trillion operating loss.

In a press statement obtained by The Insider Stories today, Bakrie & Brothers booked a Rp16.19 trillion revenue last year.
The net profit was underpinned by revenue of trading, services, and investment sector that steeply rose to Rp10.55 trillion last year from Rp8.41 trillion in the previous year.
According to Finance Director Eddy Soeparno, the positive growth in revenue showed that the company had a strong ability to develop and improve its business.
"Unconsolidated of PT Bakrie Sumatera Plantation Tbk by end of 2010 had not put into effect to our revenue last year," he said in a press statement.

Disclosure: No position at the stock mentioned above.

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