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Company News
Ricky Putra Obtains US$ 7.5 Million Loan
Bisnis Indonesia, page B1 (30-June-2006)
PT Ricky Putra Globalindo Tbk obtained a loan of US$7.5 million from Bank Ekspor Indonesia in order to cover its expansion expenses the year before. In June 2005, the company took over a yarn factory in Bandung with an investment value of Rp.125 billion. Some of the funds for the acquisition were derived from syariah ijarah last year in the amount of Rp.60.4 billion. The rest were derived from bank loans.
In 2005, Ricky Putra managed to book a net sale of Rp.313.39 billion. Meanwhile, the year before its net sale reached Rp.222.25 billion. Its net profit increased 37 percent last year from Rp.27.31 billion in 2004 to Rp.37.46 billion. Its profit rocketed from Rp.26.18 billion in 2004 to Rp.55.97 billion in 2005. This year, the company projects sales could reach Rp.400 billion - Rp.425 billion whereas its profit could reach Rp.40 billion. Ricky Optimistic This Year’s Performance Still Well
Bisnis Indonesia, page B2 (3-February-2006)
After succeeding in achieving its income and net profit target last year, PT Ricky Putra Globalindo Tbk is quite optimistic its sales performance this year will still grow well. Last year, the company targeted an income of Rp.229 billion and net profit of Rp.20 billion. The company had just taken over a thread factory in Bandung last year and hopes the effect will show this year, even though it still owes Rp.67 billion. The company bought the Bandung factory for Rp.125 billion and has paid some of its debt by issuing its syariah ijarah bond in the amount of Rp.60.4 billion.
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