Friday, August 25, 2006

Commonwealth Bank profit US$9,000 only!

PT Bank Commonwealth, 98.7% shares owned by Commonwealth Bank of Australia, reported net profit of US$9,000 in first half 2006 despite almost 40% growth in asset to US$510 million.

According to its financial report published today, Commonwealth booked total asset of Rp4.65 trillion (US$510 million), increased 40% from Rp3.31 trillion in June 2005.
Even though it managed to boost interest income almost 138% in the period, the bank's operational expenses increased 69.8%. But the result of US$9 thousand profit is still better than H1 2005's net loss of Rp3.8 billion.

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2 Comments:

Anonymous Anonymous said...

This may be a bit OOT, but I noticed that your blog has no RSS.
Did you turn it off on purpose?

August 25, 2006 8:02 PM  
Anonymous Indrayana Tirtayasa said...

Even though small in amount of profit, but it is better than loss in my opinion.

They have to press harder on the operational expenses.

August 26, 2006 9:43 AM  

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