Corporations performance so far

Some listed companies have published their financial performances in 2006. Four banks scored a tie, two reported increasing profit (BCA & NISP) and two recorded lower profit (Danamon & BII). BCA recorded net profit (unaudited) of Rp4 trillion (increased from Rp3.6 trillion in 2005), while Bank International Indonesia (BII) booked net profit of Rp633 billion (down 13% from Rp725 billion) on significant jump in provision of productive asset write-offs (from Rp90 billion to Rp527 billion).

Meanwhile, Excelcomindo, the third largest telecommunication provider reported net profit of Rp651 billion against net loss of Rp224 billion in 2005. Excelcomindo recorded more than 50% growth in revenue and managed to double its operating profit to Rp1.027 trillion.

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