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financial-performance

Telcos to benefit long term from COVID-19 crisis as users shift online
Business 5 years ago

Telcos to benefit long term from COVID-19 crisis as users shift online

With people and businesses, even governments, turning increasingly to the internet for day-to-day interactions and activities, the telecommunications industry is one of the few looking to come out on top from the health crisis.
Astra earnings fall 49% as automotive sees recovery in Q3 profit
Business 5 years ago

Astra earnings fall 49% as automotive sees recovery in Q3 profit

While Southeast Asia's largest conglomerate has seen an overall decline in core earnings across all divisions, it may be looking to a new dawn in its automotive segment come the fourth quarter.
BCA profit falls 4.2 percent as loan provisions rise during health crisis
Business 5 years ago

BCA profit falls 4.2 percent as loan provisions rise during health crisis

The bank’s provisions has skyrocketed by 160.6 percent to Rp 9.13 trillion as of September.
Unilever profit falls as sales flatten in Q3
Business 5 years ago

Unilever profit falls as sales flatten in Q3

Unilever recorded a 1.29 percent year-on-year drop in net profit to Rp 5.44 trillion (US$370.3 million) as of Sept. 30 while its sales grew by only 0.3 percent yoy to Rp 32.46 trillion during the period.
Samsung flags near-60% operating profit jump after Huawei boost
Business 5 years ago

Samsung flags near-60% operating profit jump after Huawei boost

The South Korean tech giant said in an earnings estimate that it expected operating profit to reach 12.3 trillion won (US$10.6 billion) for July to September, up from 7.8 trillion won in the same period last year.
Energy heavyweight Medco books $95m loss in first half
Business 5 years ago

Energy heavyweight Medco books $95m loss in first half

Medco’s revenue fell by 7.6 percent year-on-year (yoy) to $551.76 million in the first quarter, driven by lower oil and gas revenue, which is Medco’s biggest income contributor.
Semen Indonesia expects double-digit contraction in cement demand this year
Business 5 years ago

Semen Indonesia expects double-digit contraction in cement demand this year

State-owned cement producer PT Semen Indonesia expects domestic cement demand to contract by 13 to 15 percent this year.
Jasa Marga plans to issue commercial paper, cut expenditure amid revenue downturn
Business 5 years ago

Jasa Marga plans to issue commercial paper, cut expenditure amid revenue downturn

State-owned toll road operator Jasa Marga plans to issue up to Rp 1 trillion (US$68 million) of commercial paper (SBK) with one-year maturity date to provide additional capital.
Wika slashes new contract target by third to $1.46 billion
Business 5 years ago

Wika slashes new contract target by third to $1.46 billion

The decision to lower the contract target was made after the company’s net profit decreased 72 percent during this year’s first half to Rp 250.42 billion.
Semen Baturaja boosts white clay, mortar production in wake of pandemic
Business 5 years ago

Semen Baturaja boosts white clay, mortar production in wake of pandemic

The company has made an investment of up to Rp 3 billion and Rp 800 million, respectively, to install white clay and mortar production facilities at its factories.
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