PT Timah (Persero) Tbk Posted Revenue of Rp 7,822.6 Billion on 2012

Jakarta, 20 March 2012

PT Timah ( Persero) Tbk reported today its Consolidated Financial Statement of the year ended

31 December 2012 of Rp 431.6 Billio n or Rp 85.8 per share which was 52% lower than that of 2011 net profit of Rp 896.8 Billion or Rp 178.6 per share. The lower on net profit was basically due to lower global tin price in LME with the difference of US$ 5,208 per mton compare to last year.

 

Company Strategic Plan

Similarly as last year, in response to uncertain market situation and unstable condition of

onshore mining, the management takes an initiative to implement sales strategy that does not focus on sales quantity performance but more focus on sales quality performance. In this case, management trying to improve the company profit not based on sales volume but rather to increase the sales margin. Hence, the spirit and strategy implemented to achieve this goal is by pursuing

added value product sales, decreasing commitment / contract sales and concentrating marketing effort to the end user customer. The product type that categorized as added value product is refined t

in that has Sn contain from 99.90% to 99.99% with the sales target of 100% from the total sales.

For comparison, the standar product has 99.85% Sn contain. This strategic plan also supported

by effort to increase the offshore production by operating Bucket Wheel Dredge (BWD) that ready to operate by 2013 and also backed by 15 units Cutter Suction Dredge (CSD) that have high mobility

Indonesia stock market weekly summary 14 january 2013

Indonesia’s stock market dropped 2.36% last week, paring the previous week’s gain, after data showed the decline in auto sales after the government imposed higher down-payment regulation. For the week, the Jakarta Composite Index (JCI) lost 104.108 points, or 2.36%, to close at 4,305.912. Shares of Astra International (ASII) fell as much as 5.19% on Thursday after industry data showed motorbike sales in Indonesia fell about 12% in 2012 from a year earlier after the government imposed higher down payment requirements for auto purchases in June. Commodity and industry sectors also weighed on the JCI last week, with the miscellaneous industry sector lost 6.09%, agriculture sector fell 4.63%, and trade and services sector dropped 3.13%. LQ45 – the index trailing Indonesia’s blue-chip stocks – shed 21.997 points, or 2.92%, to close at 731.879.More than 180 shares declined, 123 shares advanced, and 158 shares stayed unchanged last week on the Indonesia Stock Exchange, where 19.889 billion shares worth IDR 21.431 trillion traded on the regular board. Foreign investors accumulated net purchases worth IDR 786.05 billion in total.
From the economic front, Indonesia's central bank kept its benchmark policy rate unchanged as expected on Thursday (10/01), at a record low of 5.75% for the 12th month, with inflation relatively low and economic growth still strong despite global weakness. December annual inflation softened to 4.3%, from 4.32% a month earlier, well within central bank's target range of 3.5%-5.5% last year. The government expected the economy to expand by 6.3% in 2012 on buoyant domestic demand and investment. However, weak demand from major trade partners have hit the country's exports, resulting in a trade deficit of USD 480 million in November.

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