[Kabar-indonesia] 4 H1 Profit Reports: Gresik; Excelcom; Unilever; Permata

[JoyoNews at aol.com]

4 reports: 

- Indonesia's Gresik H1 net profit doubles

- Indonesia's Excelcom swings to H1 net profit

- able: Indonesia's Unilever H1 net profit at 
  887.9 bln rph

- Table: Indonesia's Permata H1 net profit 
  at 142.8 bln rph

Indonesia's Gresik H1 net profit doubles

JAKARTA, July 28 (Reuters) - Indonesia's largest cement maker, PT Semen 
Gresik Tbk, said on Friday its first half net profit reached 663.45 billion 
rupiah 
(US$73.18 million), more than twice the 321.21 billion reported a year ago.

State-run Gresik also said its sales revenue for the period was up by 24.9 
percent 
to 4.09 trillion rupiah compared with the first half of 2005, despite weaker 
cement sales volume.

Domestic cement sales from all makers in the country fell by 3.3 percent in 
the January-June period this year to 14.55 million tonnes, partly due to a 
slowdown 
in Indonesia's economy after the government's decision to sharply raise fuel 
prices last year.

However, Gresik, with an annual capacity of around 16 million tonnes, beat 
the overall industry as its domestic sales volume expanded by 3.4 percent to 6.9 
million tonnes, accounting for 47.5 percent of the market, up from 44.4 
percent 
in the same six months of 2005.

Gresik's net profit margin improved to 16.2 percent from 9.8 percent over the 
period while its operating margin reached 22.5 percent, up from 15.7 percent 
a year ago.

Indonesia consumed 31.5 million tonnes of the building material last year, up 
4.9 percent from 30.4 million a year before but below analysts' expectations 
of a 7-8 percent increase.

This year, some had expected cement sales to be flat from last year of even 
lower as the economy struggled with high inflation and interest rates.

Consumer price inflation hit some six-year highs after the government more 
than doubled domestic fuel prices in October, as it tried to scale back hefty 
subsidy bills. The move sent interest rates to around three year highs. 

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Indonesia's Excelcom swings to H1 net profit

JAKARTA, July 28 (Reuters) - Indonesia's third largest mobile phone operator, 
PT Excelcomindo Pratama Tbk, said on Friday its net profit in the first half 
of 
the year was 358.49 billion rupiah (US$39.54 million), compared with a net 
loss 
of 52.8 billion a year ago.

Excelcom, controlled by Telekom Malaysia Bhd, said its net revenue climbed 
48.5 percent to 2.08 trillion rupiah.

The company, with around 8.2 million mobile phone users out of 50 million 
users 
in the country -- according to its first quarter data -- has said it aims to 
increase 
its market share to 20 percent by 2010.

Excelcom booked 207.3 billion rupiah in foreign exchange gains during the 
period compared with a nearly 169 billion rupiah loss in the first six month of 
2005.

Mobile phone operators are competing fiercely for a larger slice of the 
Indonesian market, which has huge potential because of the country's low 
penetration rate.

Excelcom is the number-three player after PT Telekomunikasi Selular 
(Telkomsel), which controls more than half the market, and PT Indosat Tbk. PT 
Telekomunikasi Indonesia Tbk and Singapore Telecommunications Ltd jointly control 
Telkomsel.

The mobile phone market grew 50 percent last year in the world's fourth most 
populous nation, home to 220 million people, and many predict the number of 
mobile phone users could double to 100 million by 2010.

But the country has some of the highest phone tariffs in the world, which 
some analysts say has prevented players from unlocking the industry's potential.

Only about 20 percent of Indonesia's population subscribes to mobile phone 
service, compared with around 80 percent in Malaysia, just over 40 percent in 
the Philippines and about 50 percent in Thailand. 

($1=9,065 rupiah) 

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Table: Indonesia's Unilever H1 net profit at 887.9 bln rph

JAKARTA, July 28 (Reuters) - Following are the results of
PT Unilever Indonesia Tbk for the six months ended
June 30.
                             (In billions of rupiah unless otherwise stated)
                                          
                                            2006                  2005
 
 Net Profit                                877.89          805.34
 Revenue                                  5,537.49      4,894.18
 Operating Profit                       1,249.69      1,141.15
 EPS (rupiah)                            115.00        106.00
 
 NOTE: PT Unilever Indonesia Tbk, with a market
capitalisation of around $3.5 billion, is a unit of Anglo-Dutch
conglomerate Unilever Plc. It produces various consumer 
products such as soap, detergents, dairy-based foods, tea-based 
beverages and cosmetics.

-----------------------------------------
 
Table: Indonesia's Permata H1 net profit at 142.8 bln rph

JAKARTA, July 28 (Reuters) - Following are the results of
PT Bank Permata Tbk for the six month period ended
June 30.
                     (in billions of rupiah unless stated)
                               
                                    2006              2005
 
 Net Profit                  142.78      vs    218.80
 Net interest income    921.06      vs    847.66
 Operating profit          192.07      vs    304.18
 Earnings per               18.16      vs     27.81
 share (rph) 
 
NOTE - PT Bank Permata Tbk is controlled by a consortium
comprising Standard Chartered and Indonesia's largest
automotive distributor, PT Astra International Tbk.

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Joyo Indonesia News Service
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