JSPT recorded a profit USD 74.1 Billion

PT Jakarta Setiabudi Internasional Tbk (JSPT) net profit reached USD 74.1 billion third-quarter 2009, from the position of the previous year USD 37 billion. Consolidated income was Rp 651.4 billion, almost equal to the company achieved in 2008.

"Our profits increased 98% to the first 9 months of 2009. For the income is not much different from the position last year, but there was an increase in revenue in each of our businesses, particularly in hotel and residential," said Finance Director JSPT, Merry

According to him, the greatest contribution to profits derived from the profit rate that was recorded Rp 80 billion. Revenue in the hotel business sector recorded increased 4%, due to an increase in foreign tourists visiting Bali. Sector offices and town houses also rose 13%. Another case with residential and retail increased 25% due to increased tourist traffic in Bali Lifestyle.

The Company also benefited from the profit rate, which was Rp 80 billion through September 2009. With a record gross profit rose 5% to be Rp 450 billion, the net profit JSPT Rp 74.1 billion.

EBITDA grew 10% liability company, from Rp 198 billion to Rp 218 billion. Thus, their margin notes into 34%, from the previous position of 31%.

JSPT also have to pay a debt of U.S. $ 9 million, in the third quarter-2009. Until now, the company debt was at U.S. $ 79.7 million, which earlier in the number of U.S. $ 88.7 million.

The portion of debt which has paid companies dominated by short-term credit and medium by 60%. The rest for the long-term debt payments.

"In the next year, we plan to pay the debt of U.S. $ 8-9 million, which is based on internal cash flow plus the loan from outside," he added.

Source : detik.com