PT Bakrieland Development Tbk posted net profit IDR150 billion in 2009, declined than the same periode in 2008 at IDR272.1 billion. Net profit of Bakrieland in 2008 increased 102.8 percent into IDR272.1 billion if compared to the previous year revenue of IDR134.2 billion.
CEO Bakrieland Hiramsyah S. Thaib says the company will post revenue IDR1 trillion compare with IDR 1.1 trillion.
He says the company prepare to issues global bond to funding expansion plan. "We anticipate nonpre-emptive rights maximum 10%."
Bakrieland has stock buyback at a par value of IDR199. The company extends the stock buyback scheme up to 20 percent of the capital placement or DIR510 billion. The corporate action here will be done in the next three months at maximum with the internal cash support. The net gearing ratio position is 8.4 percent. Equity stands at IDR4.5 trillion per December 31, 2008.
In addition to the stock value under the company, the buyback is to anticipate later effort to cooperate with strategic partner.
In addition to the stock value under the company, the buyback is to anticipate later effort to cooperate with strategic partner.
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