Monday, May 7, 2012

BNBR profit up

The financial performance of PT Bakrie & Brothers Tbk (Bakrie & Brothers) began to improve during 2011. In that period, the investment company is the Bakrie Group net profit of Rp 131.85 billion. In 2010, Bakrie & Brothers is still a net loss of about Rp 7trillion. BNBR revenue last year actually shrank 2.12% to Rp 16.19 trillion. However, the holding company of the Earth Plc. This successfully reduced a number of cost items thatcan still be a net profit last year. Bakrie & Brothers also cut operating expenses 5.67% from Rp 3.53 trillion to Rp 3.33 trillion in 2011. BNBR still be pocketing income from operations in 2011 valued at 1.76 trillion. In 2010, Bakrie & Brothers suffered lossesamounting to 4.01 trillion.
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