PT Salim Ivomas Pratama Tbk - 2011 Dividend payout

PT Salim Ivomas Pratama Tbk (“SIMP Group” or “the Company”) today conducted its first Annual General Meeting of Shareholders (”the AGM”) and obtained the approval for all the proposed resolutions.
The shareholders approved among others:
• The Board of Directors’ Annual Report on the activities and financial results of the Company for the year ended December 31, 2011.
• Dividend payout of Rp21 per share to be paid on June 29, 2012.
Mark Wakeford, SIMP Group’s President Director said: “We would like to extend our earnest appreciation to all of our shareholders for undiminished trust and support. Our objective is to continue building on the strength of our diversified and vertically integrated agribusiness model to achieve strong performance and steady financial results.”

RADIANT UTAMA INTERINSCO’S NET PROFIT INCREASE 210% TO RP 10.5 BILLION IN 1Q12

Jakarta, May 3rd, 2012 – PT Radiant Utama Interinsco Tbk (IDX: RUIS) today announces its financial performance for fiscal year ended March 31st, 2012. Our net profit increased 210.5% to Rp 10.5 billion and earnings per share also increased 210.5% to Rp 13.6. The increase was mainly due to higher revenue which raised by 17.6% yoy to Rp 315.5 billion and almost the entire division contributes higher revenue compared to 1Q11. Moreover, our EBITDA climbed 99.6% to a record of Rp 46.3 billion. In line with higher net profit, our
profitability also improved as the gross and operating margin increased to 17.1% and 10.3% in 1Q12 while the net margin increased to 3.3% from only 1.3% in 1Q11. Meanwhile, the company’s total assets significantly increased to Rp 1,026.3 billion in 1Q12 from Rp 684.6 billion in 1Q11. The increase was mainly due to higher fixed asset and account receivables. Our total liabilities increased 71.9% or Rp 803 billion to Rp 467.2 billion y-o-y, primarily because of greater loan amounts while the company raised a new loan to fund MOPU acquisition

Radiant Utama Interinsco generated strong revenue growth of 17.6% y-o-y or Rp 268.2 billion to Rp 315.5 billion for the fiscal year ended March 31st, 2011 due to higher revenue from almost of the divisions. The Inspection Division contributes the highest increment this year which increased 52.6%.
Operation Support division, the largest contributor to the company’s revenue, booked revenue of Rp 219.1 billion or increased 27.3% yoy. The increase was mainly due to our clients increased the utilization of our projects and the company also won some huge projects in the past six months. We believe the revenue from this division will increase higher in 2012, as the division has onhand contract with total value of Rp 1.2 trillion up to 1Q12. 

Moreover, the company has secured new contract of Rp 348.9 billion up to March 2012. Currently, the division contribute 69.5% of total revenue in 1Q12. Offshore division reported that revenue increased 10.5% yoy to Rp 60.1 billion in 1Q12. The increment was due to impact from new daily rates for the operation of Mobile Offshore Production Unit (MOPU) since the company acquired MOPU from our partner and the daily rates increased to $41,000. We believe the revenue from this division will steady increase in the future as with the new contract the daily rate will increase by 7.5% every 2 years starting 1st August 2011.
 

The revenue from Inspection division increased significantly of 52.6% to Rp 33.9 billion due to the increment of oil and gas companies activities due to raise of oil price which positively affected inspection division. Furthermore, the inspection division won some projects with significant value in 1Q12 from several oil and gas companies.
Meanwhile, the revenue from Others Services decreased to Rp 2.4 billion in 1Q12, the declined due to a lower number of new projects in Technical Training and Environmental Study.

Monitise Asia Pacific open for business in Indonesia with Astra Graphia Group

Jakarta, 11 April 2012

Monitise Asia Pacific (PT. AGIT Monitise Indonesia) announced today that its joint venture with a subsidiary of PT. Astra Graphia Tbk, was ready for business. The joint venture has successfully completed its installation in a Jakarta-based data centre to support the full spectrum of mobile banking, payments and commerce.

The platform will allow banks, mobile operators, retailers and other service providers to connect via a fully interoperable and secure network so they can deliver mobile services to both banked and unbanked customers.

PT. AGIT Monitise Indonesia is a joint venture between Monitise Asia Pacific and Astra Graphia Information Technology (AGIT). Monitise Asia Pacific is itself a 50/50 joint venture between Monitise plc (LSE: MONI) and the First Eastern Investment Group.

PT Timah (Persero) Tbk Posted Revenue of Rp 8,749.6 Billion on 2011

Jakarta, 29 March 2012, 

PT Timah (Persero) Tbk reported today its Consolidated
Financial Statement of the year ended 31 December 2011 Rp. 896.8 Billion or Rp. 178.2,-
per share which was 5% lower than that of 2010 net profit of Rp.947.9 Billion or Rp. 188.3,-
per share. The lower on net profit was basically due to world refined tin price instability that
occurs on second half of 2011 and finaly resulted in decline of sales volume that is a part of
moratorium refined tin export from Bangka Belitung when the price was dropped to below
US$ 19,000/mton on October 2011 which was actualy lower than production cost.
The “moratorium movement” was a protest from Indonesian tin producer againts trader who
used economic crisis in Europ to decrease global refined tin price. Fundamentally, dropped
in tin price was not sufficiently reasoned because stock in LME was very low and Indonesia
production was also low due to monsoon.
During moratorium, the company has stopped all spot sales while contract sales remained in
served especialy to the loyal customer

Operational Highlight
The highest global refined tin price during 2011 was US$ 33,255 /Mton and the lowest was US$ 18,610/Mton with the average of US$ 26,021/Mton, 27% increased from 2010 global average tin price which was US$ 20,447/Mton. Meanwhile, the exchange rate was relatively stronger. The US Dollar rate on 2011 and 2010 was Rp 8,757/US$ and Rp 9,169/US$  respectively.
Production of refined tin on 2011 was 38,132 mton, or 6% lower than that of 2010 production of 40,412 mton. Declining in refined tin production volume is caused by lower sales volume on second semester.
Tin ore production on 2011 was 37,486 ton Sn, relatively equal to 2010 production which was 37,615 ton Sn. Tin ore contribution from onshore mining was 19,136 ton Sn or 11% higher than 2010 production of 17,172 ton Sn. Meanwhile, tin ore production from offshore operation was 10% decreased to 18,351 ton Sn from last year production which was 20,444.

Financial Performance
The company’s gross profit in 2011 was Rp1,973.3 Billion or 3% higher than that of same
period in 2010 which was Rp 1,924.1 Billion and cost of goods sold of refined tin was 5%
decreased from Rp 7,260.7 billion on 2010 to Rp 6,868.5 billion this year.
Profit before tax is 13% increased copare to last year same period which was Rp1,127.3
billion to Rp 1,268.1 billion on 2011.
The company’s total asset increased by 11% from Rp 5,881.1 billion to Rp 6,569.8 Billion.
The increased was mainly due to the increased in current inventory by 36% from Rp 1,802.7
billion on 2010 to Rp 2,447.0 Billion on 2011.
Account payable increased by 10% over the previous year amounted to Rp 1,269.5 billion to
Rp. 1,422.0 billion. Total equity increased 11% to Rp. 4,597.8 billion in 2011 compared to
Rp 4,203.1 billion in 2010.

PT Timah (Persero) Tbk reported today its Consolidated
Financial Statement of the year ended 31 December 2011 Rp. 896.8 Billion or Rp. 178.2,-
per share which was 5% lower than that of 2010 net profit of Rp.947.9 Billion or Rp. 188.3,-
per share. The lower on net profit was basically due to world refined tin price instability that
occurs on second half of 2011 and finaly resulted in decline of sales volume that is a part of
moratorium refined tin export from Bangka Belitung when the price was dropped to below
US$ 19,000/mton on October 2011 which was actualy lower than production cost.
The “moratorium movement” was a protest from Indonesian tin producer againts trader who
used economic crisis in Europ to decrease global refined tin price. Fundamentally, dropped
in tin price was not sufficiently reasoned because stock in LME was very low and Indonesia
production was also low due to monsoon.
During moratorium, the company has stopped all spot sales while contract sales remained in
served especialy to the loyal customer

BUMI PLC ANNOUNCES OPERATING PROFIT OF $280 MILLION

Delivering on our goals with a clear strategy going forward
 Transforming into a world class, thermal coal business
 One of the largest ever expansions in thermal coal production on schedule
 Successfully met 2011 production targets
 Major review underway to optimise operating efficiencies
 Substantial progress made in reducing the Wider Group’s1 cost of capital
 FTSE index inclusion attained in December 2011





Financial highlights
 Group1 operating profit2 of $280 million, driven by higher production & stronger thermal coal prices
 Underlying earnings3 of $33 million and underlying earnings per share of $0.17
- Reported loss from PT Bumi impacted by early stage project costs expensed in line with Bumi plc
policy ($41m Bumi plc share) and purchase price amortisation of $24m
 Underlying EBITDA of $427m and net debt of $222 million


Strong operational performance
 Strong operating performances across all coal businesses
 Production volumes at PT Berau and PT Bumi increased by 9% to 85 million tonnes4
 Production cost of sales at PT Berau and PT Bumi driven by higher stripping ratios and higher fuel
prices
 Realised price (FOB) for the Wider Group 2011 of $90.5/tonne, an increase of 32% over 2010
Industry leading growth
 Major coal expansion phase in execution
 PT Berau on track to increase production from 19m tpa to 23m tpa in 20125
 PT Bumi set to increase output from 66m tpa to 75m tpa in 20124

Bumi plc appoints new Chairman, CEO, CFO on 26 March 2012:
 Samin Tan appointed Chairman
 Nalin Rathod appointed CEO
 Scott Merrillees appointed CFO
 New management have extensive Indonesian coal mining experience, spanning 20 years

Samin Tan, Chairman of Bumi plc said:
“I would like to assure all of our stakeholders that as Chairman of Bumi plc, together with the Board and executive team, we will work tirelessly to deliver on the achievement of our key objectives and drive increased shareholder value as well as rolling out best practice corporate governance. The management changes will strengthen our team and also increase the presence of key executives in London. I have every confidence that we have the capacity to deliver on our stated goal of becoming the leading FTSE thermal coal company.”

Nalin Rathod, Chief Executive of Bumi plc said:
“We have met our production targets for the year, despite high levels of rainfall in the first quarter, which impacted output. Costs have been well maintained, with fuel being the major pressure point but this was more than offset by higher coal prices. We are implementing a number of new initiatives across the Group to optimise productivity. In terms of our expansion plans I am pleased to report that we have made excellent progress and are on track to deliver 23 million tonnes of production from PT Berau and 75 million tonnes for PT Bumi in 2012, a significant increase.”

 Financial information for the year ended 31 December 2011