PT Timah (Persero) Tbk Published Its First Half Financial Report for Year Ended 2012

OPERATION:
 Tin ore production volume by the end of June 2012 was 16,839 ton sn, while ore production from last year same period was 17,701 ton sn or 5% lower.
 Refined tin production by the end of June 2012 is 14,984 mton or 19% decreased from refined tin production on first semester 2011 of 18,455 mton.
 Refined tin sales on the first half 2012 is 17,236 mton, while sales from same period in 2011 was 17,457 mton.
 Refined tin price average received by the company during the first half 2012 is US$ 22,565 which is 24% lower than the same period in 2011 of US$29,541. The highest refined tin price in LME on the first semester 2012 was US$ 25,650/mt and the lowest was US$ 18,375/mt with the average price of US$ 21,791/mt, or 25% lower than that on the same period in 2011 of US$ 29,337/mt.
Meanwhile, foreign exchange rate for period ended is Rp 9,480 per US dollar or 10% higher than
that of last year same period which was Rp 8,597 per US dollar.
 Company seek to boost offshore mining production by modifying new type of dredge called Bucket Wheel Dredge (BWD) with better technology that able to mine deeper compare to our existing Bucket Line Dredge (BLD) in order to support company management strategic plan to go

BANK CENTRAL ASIA - Q2 2012 Result - Strong Growth in Lending and Transaction Accounts

  Loan portfolio grew to Rp 226.0 trillion (+ 41.5% YoY)
 Third party funds increased to Rp 341.1 trillion (+ 19.4% YoY)

 

Jakarta, 30th July 2012 – PT Bank Central Asia Tbk (IDX: BBCA) announced a strong performance for the first half of 2012, driven by significant increases in loans outstanding across all segments and in transaction account third party funds. The Bank‟s total assets has grown year-on-year a substantial 20.2% reaching a total of Rp 408.6 trillion in June 2012. BCA President Director Jahja Setiaatmadja, expressed his satisfaction with BCA‟s performance, “We
are delighted to see BCA‟s achievement in the first half of 2012. A favourable business environment with low interest rates has spurred strong loan demand, for both individuals and businesses.
Furthermore, the significant growth of BCA‟s loan portfolio is underpinned by sound lending and risk management. Our loan expansion and transaction business will continuously support our profitability the current competitive environment.” BCA recorded impressive 41.5% YoY loan growth across all segments in the first half of 2012. Year on- year the loan portfolio increased Rp 66.3 trillion to Rp 226.0 trillion in June 2012. Consumer lending increased more than 50% YoY to Rp 60.0 trillion, driven by 73.5% YoY growth of the mortgage portfolio to Rp 36.5 trillion. BCA reaffirmed its leading position in the provision of mortgage products with the launch of an 8% p.a.

PT Vale Indonesia Tbk Reports Second Quarter 2012 Earnings of US$1.7 million

Jakarta, July 30, 2012 – 

PT Vale Indonesia Tbk (“PT Vale” or the “Company”, IDXTicker: INCO) today announces its unaudited results for the second quarter of 2012 (2Q12).
During 2Q12 PT Vale re‐established its normal production capacity of four electric furnaces as Electric Furnace 2 recommenced operations in May after a major upgrade and shutdown which began in early of November 2011. As a result, the Company produced 16,562 metric tons (t) nickel in matte which was 33% more than 1Q12 production of 12,431 t. Coinciding with this increase in production, the Company delivered 30% more nickel in matte to its customers in the second quarter than in the first quarter of 2012, from 12,514 t to 16,250 t. Compared to results of the first half of 2011, production and sales volumes in the first half of this year were 17% and 18% lower respectively. However the Company is positive about its increased production capacity going forward as it produced more than 7,000 t of nickel in matte in June.
The LME nickel price fluctuated unfavourably throughout 2012 particularly in the second quarter. PT Vale’s average realized price for the second quarter of 2012 is US$13,816 per ton, which was 11% lower than the 1Q12 average realized price. Despite that, the Company recorded 16% higher sales in 2Q12 than in 1Q12 mainly because of higher nickel in matte delivered.
The Company’s average price in the first half of 2012 declined by 28% from US$20,052 per t realized in first half of 2011 contributing significantly to a 41% reduction in sales period over period. The Company’s total cost of goods sold (COGS) in 2Q12 increased by 21% compared
to COGS incurred in the 1Q12 as it sold 30% more nickel in matte in the respective quarters.
Meanwhile, the COGS for the first six months of 2012 increased slightly by 4% from US$367 million in the first six months of 2011 mainly because of higher fuel prices. Earnings before interest, taxes, depreciation and amortization (EBITDA) totalled US$30.9 million in 2Q12, compared to US$33.8 million in 1Q12. Lower EBITDA recorded in 2Q12 than in 1Q12 was due to

Danamon Announces First Half and Second Quarter 2012 Financial Result

Jakarta 18 July 2012

NPAT Up 36%; Fee based Income Grew 23%

PT Bank Danamon Indonesia, Tbk. (“Danamon”) today announces a consolidated net profit after tax (NPAT) of Rp 2 trillion in the first semester of 2012, a 36% increase compared to Rp 1.473 trillion in the first semester of 2012.
“On the back of a relatively stable domestic economy, we were able to generate strong growth in all of our business segments in the first semester of the year. This clearly underscores Indonesia’s economic resilience in the first half of the year, despite intensifying pressure from the global economy,” said Henry Ho, Danamon’s President Director. At the end of June 2012, Danamon’s loans reached Rp 110 trillion, or 19% higher compared to Rp 93 trillion a year ago.
This positive loan growth is driven by growth in mass market lending, consisting of loans for self-employed mass market, auto loans, durable goods loans, and gold-backed shariah based financing, which booked a 20% year-on-year growth to Rp 64 trillion as of June 30, 2012, and contributed to around 58% of the Bank’s total loan portfolio.
“Our self employed mass market unit, Danamon Simpan Pinjam (DSP), actively searches

PT HERO SUPERMARKET TBK FIRST HALF 2012 RESULTS

Jakarta, 23 July 2012

• Strong overall and same store sales growth
• Improved underlying profitability
• Opened 42 new stores including 4 new Giant hypermarkets

PT Hero Supermarket Tbk (“the Company”) today announced its results for the first half ending 30 June 2012.
Compared to the first half 2011, sales grew by 20% to Rp 4,830 billion and the net income increased by 29.7% to Rp 140 billion resulted from both higher sales and continuous improvement in store productivity.
President Director of the Company, Philippe Broianigo, said “The strategies we put in place for each of our businesses continue to produce good results and has shown resilient against stiff competition. The four new Giant hypermarkets opened in the first half this year have shown encouraging results. We will continue to expand our stores network in the second half of this year and expect the business to grow profitably.”
PT Hero Supermarket Tbk has more than 13,700 employees and serves its customers in 558 stores. As at 30 June 2012, the Company operated 43 Giant hypermarkets, 130 Hero and Giant supermarkets, 241 Guardian health and beauty stores and 144 Starmart convenience stores.