PRODUCTION INCREASE SHARE RAISE PRICES

Jack Production Increase Revenues up 14.5% ITMG Although declining coal prices during the year 2009, PT Indo Tambang Tbk Megah highway (ITMG) are still able to record a fairly polished performance. Banpu Plc subsidiary had record revenues of U.S. $ 1.51 billion in 2009. This figure increased 14.5% from the acquisition in 2008 which amounted to U.S. $ 1.32 billion. Meanwhile, gross profit rose ITMG 19.38% from U.S. $ 477.81 million in 2008 to U.S. $ 570.4 million.

Business profit grew 28.18% from U.S. $ 340 million to U.S. $ 435.82 million at the end of 2009 last year. Ends, ITMG net profit increased 42.83% from U.S. $ 234.93 million to U.S. $ 335.55 million. ITMG subsidiary which is currently temporarily ceased operations, namely PT Jorong Barutama Greston, also managed to contribute U.S. $ 111,142 million, or 7.4% of total revenues in 2009 ITMG ago. In addition, Jorong Barutama contributed 2.2% of total net income ITMG.

Local government to stop mining operations in the region Jorong, South Kalimantan in mid-February. The reason, extension of permission to borrow use of forest areas used by Jorong Barutama not out. ITMG hope, this termination will not affect significantly the operational group. Please understand that in, Jorong Barutama has assets of U.S. $ 91,589, or about 7.6% of total assets ITMG per December 31, 2009. Jorong Although not yet operational, ITMG sure still teget meet coal sales 23 million tons this year 2010. This was the beginning of the year, and still enough time. Who knows, could be completed more quickly, said company secretary Indo Tambangraya Megah, Roslini Onwardi.

During the year 2009, ITMG produced 21.27 million tons of coal. Means up 20% from production in 2008. The biggest contribution comes from the mines Indomico Mandiri, as many as 12.07 million tons. Furthermore, Trubaindo Coal Mining for 5.24 million tons, as much Jorong Barutama Greston 3.29 million tons, and 670,000 tons Embalut Kitadin. In addition to the growth record of performance, total assets as of December 2009 ITMG increased 22.42% to U.S. $ 1.2 billion. In the explanation of changes in assets, Edward Manurung, Finance Director highway Megah Indo Mines, said the increase in assets was caused by an increase in cash and cash equivalents of U.S. $ 206.84 million. Increase in revenue primarily from customers as sales volume growth, says Edward.

Until the end of 2009 and, has a total cash ITMG large, reaching U.S. $ 428.58 million. As a comparison, as of December 31, 2008, ITMG had cash and cash equivalents worth U.S. $ 221.74 million. This means that within one year, cash and cash equivalents increased 93% ITMG.
Rajin Kian BTPN SME market working. Performance PT National Pension Savings Bank Tbk (BTPN) during the year 2009 and then pretty good. Until the end of December 2009, BTPN able to get the net interest income of Rp 1.96 trillion. Means, grew 50.19% from the realization of 2008. The net profit rose 10.96% to Rp 420.42 billion.

President Director of BTPN, Jerry Ng, argued, credit hardness polishing join the company's performance. Until the end of 2009, BTPN successfully disbursed loans worth Rp 15.72 trillion. This figure increased 50.8% from the end of 2008 positions. Driving an increase in the total flow of bank credit is the credit growth to retirees as well as credit to the sector of micro, small and medium enterprises (MSMEs). On the other hand, the ratio of non performing loans or non-performing loan (NPL) dirty BTPN only 0.51%, down from 31 Desenber position for 2008 is 0.59%. The net NPL in 2009 only 0.07%. BTPN also still able to maintain capital adequacy ratio or the Capital Adequacy Ratio (CAR) of 18.5%.

Jerry explains, BTPN credit growth to the SME sector is very helpful BTPN performance. Although the new target SME market in November 2008, according to Jerry, until 31 December 2009 and, BTPN has served over 120,000 players MSME 1030 offices throughout Indonesia. However, this bank does not leave loyal market, namely the pensioners. They still focus serves 500,000 retirees. In the year 2010, the intention of raising BTPN business in SME sector and sharia. For that, BTPN will again issue bonds worth Rp 500 billion. Bond funds are allocated to finance their credit to the SME sector.

In line with that projection, BTPN also raise the target distribution of credit for the realization of 30% from 2009. If achieved, at the end of 2010, credit BTPN will reach Rp 20.44 trillion. According to Jerry, BTPN fixing portion 50% of total loans for the SME sector and another 50% allocated to the pensiuanan. Initially, the share of SME loans is only 40%. This shows BTPN more enthusiastic in business in the SME sector. In fact, the seriousness BTPN SME sector to raise new loans made in 2009 last year. In that period, they opened the outlet BTPN People Business Partners throughout Indonesia.

Throughout 2009, BTPN has increased the number of its network by opening offices BTPN 493 People Business Partners. net distribution has reached 1030 BTPN office. Not only that, they complement the expansion of its business by hiring more than 7,000 employees. As of December 31, 2009, a total of 10,372 employees achieved orang.Untuk BTPN appreciate local labor, BTPN recruited thousands of workers in each region. This is part of our contribution to regional development ..
To maximize services to our customers, complete BTPN outletnya with adequate information technology. Now, more than 1,000 BTPN distribution network has been operating online and realtime. Improved services attract more customers. See it, until the end of December 2009, the bank managed to raise funds for third parties (DPK) of Rp 18.51 trillion. This number jumped 62.7% from deposits as of end of rates in December 2008. DPK was derived from increased deposits, savings and current accounts. Portion of time deposits Rp 6.45 trillion, saving USD 661 billion, and the rest comes from deposits.

Multipolar Can Restu Reverse Stock. PT Multipolar Tbk (MLPL), finally, get the blessing of its shareholders to perform reverse stock (stock merger). This is part of the plan issuance of new shares (rights issue) Lippo Group owned company that. General Meeting of the Extraordinary Shareholders (EGM) attended MLPL that 57.11% of total shareholders. That is, it exceeds the specified quorum of 50%. From shareholders in attendance, approximately 99.07% approve of this plan, said Harijono Suwarno, Managing Director MLPL. Previously, MLPL EGM held twice but failed to meet the quorum.

Secretary company MLPL Chrysologus R. N. Sinulingga say, reverse stock plan is part of the right issue is one of the conditions to reach the theoretical minimum value of Rp 100 per share. Because our stock price is still below that required, it must reverse stock. The reason is quite odd. Based on a count of the Indonesia Stock Exchange, the theoretical price of the issuance of new shares MLPL Rp 114.75 per share. That is, MLPL not need reverse stock.

Through reverse stock with a ratio of 4:1, MLPL will get a nominal value of shares of series A from Rp 500 to Rp 2,000 per share. While shares of series B is bundled to Rp 500 per share from the previous USD 125. After this stage is complete, will change MLPL series B shares in the portfolio into shares series C Then, they broke the nominal shares to $ 100 from the previous USD 500 per share. Shares in the portfolio increased from 4.38 billion to 21.92 billion shares. But, the solution was not done on shares issued and paid up.

Later, the rights issue would only MLPL off 6.031 billion shares series C Every owner of 9 old shares entitled to buy 32 new shares. The price is Rp 125 per share. MLPL would ask shareholders next March to hold a rights offering. But, some minority shareholders reject the plan. Hendra who admitted to having a lot of shares to say, investors lost the minority vote.

Abdi Bangsa Sell 30% Shares of PT Sprint Media. Print media business of PT Abdi Bangsa Tbk (ABBA) continues to grow. To support the distribution system, recently, this Republika newspaper publishers to buy 150 shares or 30% of the shares issued by PT Sprint Media. Value of Rp 150 million.

The purpose of this inclusion to create print media distribution system in an integrated manner, thus increasing the profits the company, said Rudi S. Lakshman, Director ABBA, in a disclosure letter to the Indonesia Stock Exchange. In January, ABBA also received loans from PT Bank Rakyat Indonesia Tbk (BRI) worth Rp10 billion. Rudi said, funds will be used for expansion of outdoor media (billboards), additional capital projects Republika Publisher printing, and golf activities by PT Media Golfindo.

Suspend Stock Exchange Bhakti Investama. Indonesia Stock Exchange (IDX) eventually stop trading in shares of PT Bhakti Investama Tbk (BHIT). The reason, authorities are still waiting for the explanation of stock-related plan Bhakti acquire coal mining and insurance companies. Acting Head of Stock Exchange Transactions Supervision Hassyarbaini Hamdi and Acting. Head Exchange Trade stocks PJ Andre Toelle said temporary suspension (suspend) BHIT stock trading investors can aim to be cooling down.

The reason is, between 16 February to 24 February 2010, the stock price has increased BHIT from Rp 188.37% 215 per share to Rp 620 per share. Trade volume also increased from 76.14 million shares to 60.96 billion shares. This temporary suspension to give adequate time for market participants to consider carefully the investment decision in BHIT, write Hamdi and Andre, the announcement of the BEI.