Bank Central Asia (BCA) first quarter 2011 results: Transactions and Consumers Driving the Business

Jakarta, April 28, 2011 – PT Bank Central Asia Tbk (JSX: BBCA) announced first
quarter 2011 results with business performance underpinned by strong growth in lending
and an increase in transactional account third party funds. The Bank’s balance sheet
grew considerably as total assets increased by 14.9% reaching Rp 326.5 trillion at the
end of the first quarter 2011 up from Rp 284.2 trillion in the end of the first quarter 2010.
BCA President Director, Mr. D.E. Setijoso stated that,” I am pleased to report that we
were able to deliver solid business performance in the first quarter 2011, in line with
Indonesia’s economic growth. A disciplined implementation of a quality growth strategy
produced positive results as transactions and the consumers segment drive the BCA
business. BCA is well poised to prosper in the current domestic economic environment
characterized by low interest rates and increasing consumer demand.”
The overall loan portfolio grew 24.4% to Rp 150.3 trillion in March 2011 while the Loan
to Deposit Ratio (LDR) improved to 54.4% in March 2011 from 49.6% in March 2010.
Consumer lending posted a growth by 36.2% yoy to Rp 38.7 trillion supported by strong
growth in mortgage loans and vehicle loans which benefited from the growth of the
middle-income segment and from the low interest rate environment. Mortgage loans
outstanding rose by 41.8% yoy to Rp 19.5 trillion while vehicle loans increased by 34.6%
yoy to Rp 14.3 trillion. In addition, credit card outstandings increased by 21.3% yoy to
Rp 4.9 trillion in March 2011.
Commercial & SME lending recorded growth of 27.9% to Rp 59.5 trillion yoy while
corporate lending grew by 14.1% yoy to Rp 52.1 trillion in March 2011. By emphasizing

P.T. Mitra Adiperkasa Tbk (MAP) ANNOUNCES 56% JUMP IN OPERATING PROFIT FOR FIRST QUARTER 2011

Jakarta, 27th April 2011 - Indonesia's leading lifestyle retailer, P.T. Mitra Adiperkasa
Tbk (MAP) today announced its financial result for first quarter ended 31st March 2011.
Operating profit jumped 56% to a record Rp 82 billion - up from the Rp 53 billion
achieved in the first quarter of 2010. Net profit grew 45% from Rp 30 billion in the
corresponding period in 2010 to Rp 44 billion. Net revenue after cost of consignment
sales increased 21% from Rp 1,048 billion to Rp 1,269 billion.
Commenting on the first quarter 2011 results, Fetty Kwartati, Corporate Secretary of
MAP said, "We had a good first quarter. Our results truly demonstrate the power of our
brands and our three-fold strategy of focusing on our existing brands, maximizing their
potential and targeting at the middle upper income group. Given the huge customer base
and growing affluence, this customer segment offers unlimited potential for our portfolio
of over 90 world class brands."
As at end March 2011, MAP has a total of 887 stores in 25 cities throughout Indonesia
with total retail footage of 425,721 sqm. New international concepts launched by the
Group in the first quarter of 2011 include Stradivarius, Bershka and Payless. Stradivarius
and Bershka are both located at Plaza Indonesia and Central Park while Payless can be

AKR Corporindo (AKRA) Reports Q1’2011 Net Profit after Tax of Rp 1,812 billion; Sales Revenue Q1’2011 grows 79% YOY to Rp 4.35 Trillion

25th April 2011

JAKARTA, April 25, 2011 - PT AKR Corporindo, Tbk. (Bloomberg: AKRA IJ), Indonesia’s
leading bulk logistics and infrastructure company and largest private sector distributor of
petroleum and basic chemicals reported net profit of Rp 1,812 billion in the quarter ended
March 31, 2011 up 2,480% from Rp 70 billion in the same period last year.
Net Profit without Extra ordinary gains (Core Profit) rose 82% to Rp 128 billion during
Q 1’2011 compared to Rp 70 billion during Q1 ‘2010. The Company booked extra ordinary
gains of Rp 1,685 billion on sale of Investment in manufacturing subsidiary, PT Sorini Agro
Asia Corporindo, Tbk. The divestment raised over Rp 2,200 billion for the Company and the
sales of Sorini shares was completed on January 28, 2011.
Sales Revenue during the quarter ended March 31, 2011 rose 79% to Rp 4,353 Billion
compared to Rp 2,433 billion during the same period last year, driven by significant increase in
petroleum sales.

Petroleum revenues increased 149% YOY
Sales revenues growth was driven by increased sales of Petroleum products in Indonesia
which resulted in the sales revenue increasing 149% to Rp 3,461 billion during the Q 1’2011
compared to Rp 1,391 billion during the same period last year. This revenue growth was driven
by increase in supply of High speed diesel and other refined products to mining industry in
Eastern part of Indonesia along with increase in demand from other industrial sectors
Basic chemicals sales also reported 31% growth to Rp 584 billion during Q 1’2011 with
increasing demand for basic raw materials which is the raw material for production of various
industrial and consumer goods.
Demand for logistics services including stevedoring, port handling in Indonesia and China
registered 83% increase in sales revenue during Q 1’ 2011 compared to Q 1’2010.

OUTLOOK:
• Petroleum:
− With strong growth reported in Q1’2011 which is more than 28% of the full year
target, we expect sustained growth in volume of refined petroleum products during

Metropolitan Land: Offering new shares at Rp240‐300/shares

Metropolitan Land will be offering its shares at Rp240‐300 a piece on its upcoming IPO. The price range implies an estimated proceeds of Rp545‐681b, most of which will be used to finance the company’s development. The company will be listed at the IDX on 13 May 2011.

ADARO dividend 2011

In the AGM held yesterday 20 April 2011, Adaro Energy Tbk shareholders agreed to distribute Rp970.8b total dividend (43.98% DPR) for the FY10 fiscal year. As the company has paid Rp315.1b interim dividend per 10 December 2010, Adaro will pay the remaining of Rp655.7b (Rp20.5 final DPS). Payment date and other details will be announced next week.

source: Kim Eng