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first-half

High coal price supports Astra’s double-digit growth in profit  
Business 7 years ago

High coal price supports Astra’s double-digit growth in profit  

Diversified business group PT Astra International posted an 11.18 percent year-on-year (yoy) growth in profit in the first half of this year to Rp 10.38 trillion (US$719.78 million), according to the company’s president director, Prijono Sugiarto.
Coal miner Bukit Asam’s profit grows 50% in first half
Business 7 years ago

Coal miner Bukit Asam’s profit grows 50% in first half

Coal miner Bukit Asam announced 50 percent profit growth to Rp 2.58 trillion (US$177.33 million) in the first half of 2018, on the back of a coal-price increase and improved efficiency.
Govt closes three new exploration block deals
Business 7 years ago

Govt closes three new exploration block deals

The government signed on Tuesday three oil and gas exploration blocks under a gross-split contract for US$40.90 million in total investment and a $2.5 million signature bonus, bringing the total deals closed to nine since auctioning commenced in January.
Oil and gas lifting up slightly in first half
Business 7 years ago

Oil and gas lifting up slightly in first half

The country’s oil and gas lifting, the colloquial term for ready-to-sell production, in the first half of this year reached 96 percent of the first six month target of 2 million barrels of oil equivalent per day (boepd).
Garuda to issue global bonds worth $300m next year
Business 8 years ago

Garuda to issue global bonds worth $300m next year

National flag carrier Garuda Indonesia plans to issue global bonds worth US$300 million, about Rp 4 trillion, partly to refinance bonds coming due next July.
BPK auditors submits first-half report to Jokowi
Business 8 years ago

BPK auditors submits first-half report to Jokowi

Supreme Audit Agency (BPK) members met with President Joko “Jokowi” Widodo to hand over an audit report on the first half of 2017 at the Presidential Palace in Jakarta on Tuesday.
Finance minister demands answers as Garuda losses mount
Business 8 years ago

Finance minister demands answers as Garuda losses mount

Finance Minister Sri Mulyani Indrawati has said she will look into the rising losses of flag carrier Garuda Indonesia to find out whether anything was wrong with its investment strategy.
Ancora losses widen in first half of 2017
Business 8 years ago

Ancora losses widen in first half of 2017

Publicly listed natural resources company Ancora Indonesia Resources (AIR) suffered a loss of US$5.9 million in the first half of 2017, swelling by 41 percent from the $4.19-million loss in the corresponding period of last year.
24 state-owned enterprises record losses in H1
Business 8 years ago

24 state-owned enterprises record losses in H1

Twenty four state-owned enterprises (SOEs) suffered losses in the first half of 2017, a slight improvement from last year’s performance, which saw 27 SOEs record losses.
State firms post Rp 87 trillion H1 net profit
Business 8 years ago

State firms post Rp 87 trillion H1 net profit

Indonesia’s 118 state-owned enterprises (SOEs) recorded a net profit of Rp 87 trillion (US$6.52 billion) in the first half of 2017, down from Rp 88 trillion in the same period last year, an official has said.
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