CP Prima performance not that premium
In contrast to its over-subscription of shares offering last month, PT Central Proteinaprima Tbk or CP Prima reported lower gross profit in Jan-Sep 2006 at Rp625 billion against Rp647 billion in the same period last year on increasing costs. The company's net profit after adjustment with debt restructuring at Rp154 billion is only 7% higher than the same period last year.
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posted by yosef at 12:12 PM
6 Comments:
So, this is the company who paid jockeys to act so it looks impressively demanded?
This is the company that has retained Hendrick Tee (ex Asia Pulp & Paper CFO) to help engineer its balance sheet.
Who knows, it may one day be in the position to raise USD billions debts and only pay 10 pct back.
Investors better beware.
This is the company that has retained Hendrick Tee (ex Asia Pulp and Paper CFO) to help engineer its balance sheet.
Who knows, it may one day be in the position to raise USD billions debts and only pay 10 pct back.
Investors better beware.
Unfortunately, i have to disagree with you this time. Let's not forget that last year's figures also included CPIN which is divested in their mid-2006 restructuring. CPIN alone booked IDR 834 bio gross profit and IDR 41 bio net profit in 2005. Considering they don't have CPIN consolidated anymore, their achievement in Q32006 actually deserves compliment and positive responses.
according to their prospectus, it looks like previous comment...
so, I agree!
in the prospectus, they also stated the estimated net income for the full year of 2006 is only Rp 154 bio which is already achieved within the 9 month period.
I am based outside Indonesia. Where can I find a copy of the prospectus in English?
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