Tuesday, December 22, 2009

Barito Pacific profit swelling up to IDR560.42 billion

PT Barito Pacific Tbk (BRPT) in nine month this year post higher profit to IDR560.42 billion, rose 208. 42 % as from the same period last year at level IDR516.92 billion.
The profit was driven by the declining sales main cost to IDR8.85 trilliun than IDR14.01 trillion which then boosted up the corporate gross profit. Barito post gross profit to IDR1.66 trillion, rose 15,325.66% than IDR10.74 billion.
Prajogo Pangestu, the ultimate shareholder of PT Barito Pacific Tbk, was announced acquired shares of Transpacific Railway from the former shareholder through Thelveton Global Asset Limited.
Thelveton with 100 percent full possession of Prajogo has recently acquired the shares of Transpacific Railway from Coral Moon Resources, PT Handayani Bara Dinamika, and PT Transpacific Investama owned by Suganda Setiadi Kurnia.
Through Thelveton, Prajogo owns 100 percent shares of Magna Resource Corporation Pte Ltd which owns 52.13 percent shares of Barito Pacific. Prajogo through Thelveton also took over of PT Tri Polyta Indonesia Tbk shares last year.
Thelveton has made to public the acquisition of 4,000 stakes scheme of Coral Moon, 14,400 Handayani stakes, and 21,600 shares of Transpacific Investama in Transpacific Railway. However, not many knows the acquisition value.

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