PUBLIC EXPOSE - Indocement Tunggal Prakarsa, PT.
PUBLIC EXPOSE - Indocement Tunggal Prakarsa, PT.
PUBLIC EXPOSE - Indocement Tunggal Prakarsa, PT.
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Financial Results 2009<br />
Consolidated Income Statement<br />
2009<br />
2008<br />
Change<br />
Comments<br />
Sales Volume (k Tons)<br />
13,455<br />
14,662<br />
-8%<br />
Lower domestic sales by 4% and export<br />
sales volume by 45%<br />
Net Revenues<br />
10,576<br />
9,780<br />
8%<br />
Maintaining price policy but with the<br />
consequence of lower market share<br />
Cost of Revenues<br />
5,468<br />
5,756<br />
-5%<br />
Lower production volume, stronger IDR;<br />
only the most efficient kilns were running<br />
in low sales season, successful in<br />
renegotiating of purchase price of major<br />
material & fuels- cause our production<br />
cost/ ton only increase by 4%<br />
Gross Profit<br />
as % of Net Revenues<br />
5,108<br />
48.3%<br />
4,025<br />
41.1%<br />
27%<br />
Operating Expenses<br />
1,415<br />
1,565<br />
-9.6%<br />
Fixed Cost under strict control & lower<br />
logistics cost due to fall in fuel &<br />
reduction of tariff<br />
Income from Operations<br />
as % of Net Revenues<br />
3,693<br />
34.9%<br />
2,460<br />
25.2%<br />
50%<br />
EBITDA<br />
as % of Net Revenues<br />
4,263<br />
40.3%<br />
3,059<br />
31.3%<br />
39%<br />
Interest Expenses<br />
-40<br />
-124<br />
-68%<br />
In line with ongoing de-gearing, incl.<br />
repayment of Rp550bn loan in 1Q09<br />
Forex Gains/(Losses)<br />
-8<br />
-73<br />
89%<br />
NET INCOME<br />
2,747<br />
1,746<br />
57%<br />
12
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