Panorama Will Not Share Dividends Bisnis Indonesia , page B2, 2006-06-26
In the general meeting of shareholders for PT Panorama Sentrawisata, it was agreed that its net profit of 2005 would not be shared. Instead, the net profit amounting to Rp.227 million will be allocated as reserve funds. In 2005, the company’s net profit dropped 46.7 percent compared to 2004’s Rp.426 million. The drop was caused by the increase of operating expenses, which rose from Rp.45.82 billion in 2004 to Rp.55.43 billion in 2005. The company’s income in 2005 reached Rp.741.57 billion, up 24.05 percent compared to 2004.
Panorama Tours Works on Java and Bali www.republika.co.id, 2005-08-26
As Bali and Java have become main tourist destinations in Indonesia, Panorama Tours now offers a holiday package called Jawa-Bali Overland. The package includes a trip that starts in Jakarta, continues to Bandung, Wonosobo, Pangandaran, Malang, Kali Baru, Bromo Mountain, Surabaya and ends in a 5 to 6 day stay in Bali. Panorama Tours has received a Superbrands award for the Travel and Leisure category.