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Company News
Branta Targets Rp.1.6 Trillion Turnover
Bisnis Indonesia, page B2 (8-June-2006)
PT Branta Mulia Tbk has targeted this year’s sales value to reach Rp.1.6 trillion, down around 9 percent compared to 2005’s income of Rp.1.76 trillion as a result of the difference in exchange rate. Sales last year used the assumed exchange rate of Rp.9,830 per US$ 1, meanwhile sales in 2006 used the exchange rate of Rp.9,059.
In the General Meeting of Shareholders it was agreed that the dividends are to be shared at Rp.40 per note per worth a total of Rp.18 billion and a capital expenditure of US$ 7 million, whose funds are derived from the issuance of bonds.
Last year, Branta Mulia’s net profit reached Rp.119.49 billion, up 181.7 percent compared to the previous year’s Rp.42.42 billion. Meanwhile, up to March 2006, net sales reached Rp.429.6 billion, down up to 5 percent compared to the same period of time in 2004 of Rp.451.64 billion. The decrease in net sales in March 2006 caused the net profit to drop 73 percent to Rp.10.19 billion compared to the same period time the previous year of Rp.37.8 billion.
Branta Mulia Pays Bond Interest
Bisnis Indonesia, page B1 (20-July-2005)
PT Branta Mulia Tbk has paid its fifth bonds I/2004 interest of Rp.8.848 billion and tax obligation of Rp.27.540 million right on schedule (19 July 2005). Branta Mulia manufactures tyre thread and independent tyre fabric. The company’s shares are held by Dupont Chemical & Energy Operation Inc. (19.78 percent), Robby Sumampow (17.31 percent), PT Mitrasari Kartikatama (13.52 percent), PT Prismatama Nugraha (5.61 percent), PT Sandhika Daksamulya (5.61 percent) and the public (32.56 percent).
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