Net profit of PT Bakrie & Brothers Tbk per September 2009 stood at IDR40.48 billion or dropped 95.43 percent from IDR885.73 billion last year due to the falling corporate revenues.
In the finance statement addressed to the Indonesia Stock Exchange (IDX) yesterday, it mentioned the corporate sales per September 2009 stood at IDR5.32 trillion or declined 16.61 percent from IDR6.38 trillion last year.
In addition to the sales drop, the factor leading to the net profit plummet was the high cost of interest worth IDr270.39 billion and loss arising from stock sales worth IDR376.34 billion.
However, the company still booked exchange rate profit worth IDR109.82 billion or rose from IDR882.81 million last year. The total corporate cash per September 2009 declined into IDR832.11 billion from IDR2.28 trillion last year. By end of the year, Bakrie & Brothers plans to issue global bonds worth US$200-250 million.
In the finance statement addressed to the Indonesia Stock Exchange (IDX) yesterday, it mentioned the corporate sales per September 2009 stood at IDR5.32 trillion or declined 16.61 percent from IDR6.38 trillion last year.
In addition to the sales drop, the factor leading to the net profit plummet was the high cost of interest worth IDr270.39 billion and loss arising from stock sales worth IDR376.34 billion.
However, the company still booked exchange rate profit worth IDR109.82 billion or rose from IDR882.81 million last year. The total corporate cash per September 2009 declined into IDR832.11 billion from IDR2.28 trillion last year. By end of the year, Bakrie & Brothers plans to issue global bonds worth US$200-250 million.
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