ELSA booked net profit of IDR 183 billion in Q1
30 Apr 2024 15:59
Although the revenue of PT Elnusa Tbk (ELSA) was seen declining in Q1 2024 compared to the same period in 2023, its profit skyrocketed 59.41% year-on-year (yoy).
Roket Cipta Sentosa becomes Cardig Aero (CASS) controller after purchasing more than 1 billion shares
30 Apr 2024 14:46
On Thursday, April 25, PT Cardig Aero Services Tbk (CASS) welcomed PT Roket Cipta Sentosa as a new investor and controlling shareholder. Without hesitation, this investor purchased 1.06 billion shares of the holding company that supports airport service, acquiring 51% ownership. This transaction was handled by PT Trimegah Sekuritas Indonesia Tbk. In contrast, another CASS investor, SATS Ltd., S/A Cemerlang Pte. Ltd., reduced its ownership. This investor sold approximately 205.63 million shares, reducing its stake to around 10.15%.
DSNG secured profit of IDR 229 billion
30 Apr 2024 14:06
As of Q1 2024, PT Dharma Satya Nusantara Tbk (DSNG) managed to score IDR 229 billion of net profit, while sales clocked up to IDR 2.23 trillion.
TOBA and PLN NP’s subsidiaries to form a JV
30 Apr 2024 13:00
PT Batam Tirta Surya (BTS) and PT PLN Nusantara Renewables (PLN NR) will form a joint venture engaged in the renewable energy sector.
Remala Abadi to set IPO price of IDR 188 per share
30 Apr 2024 11:00
PT Remala Abadi Tbk (DATA), an internet service provider (ISP) and IT consultant company, has set the price for its initial public offering (IPO) to IDR 188 per share.
Going strong, Cinema XXI reported over 700% growth in Q1 2024 profit
30 Apr 2024 10:52
PT Nusantara Sejahtera Raya Tbk (CNMA), the managing company of Cinema XXI theatre network, reported fantastic growth in Q1 2024’s net profit, reaching 701.7% year-on-year (yoy).
Profit declined, TOBA to abstain from dividend distribution
30 Apr 2024 10:43
The net profit of PT TBS Energi Utama Tbk (TOBA) dropped 86.32% year-on-year (yoy) in 2023 from the same period in 2022.
Metro Pacific Tollways now owns 95.52% of Nusantara Infrastructure (META), after acquiring 3.69 billion more shares
29 Apr 2024 15:34
On Wednesday, April 24, investor PT Metro Pacific Tollways Indonesia purchased a substantial number of shares in PT Nusantara Infrastructure Tbk (META). PT BCA Sekuritas facilitated the acquisition of approximately 3.69 billion shares of this construction contractor company by this controlling shareholder, resulting in a significant increase in share ownership from 74.65% to 95.52%.
Optimistic, TRIS targets 30% profit growth this year
29 Apr 2024 14:51
After recording a net profit growth of 5.7% year-on-year (yoy) until the end of December 2023, PT Trisula International Tbk (TRIS) is confident in posting an aggressive increase of up to 30% yoy this year.
Sumber Garam handed over 582 million Multi Garam Utama (FOLK) shares to Garam Ventura
29 Apr 2024 14:44
On Tuesday, April 23, roughly 582.06 million shares of PT Multi Garam Utama Tbk (FOLK), a creative and consumer holding company, were handed over. PT Sumber Garam Pratama handed down these shares via PT KGI Sekuritas Indonesia, decreasing its ownership from 46.31% to 31.56%. PT Garam Ventura Indonesia, on the other hand, increased its ownership significantly from 30.73% to 45.47% after acquiring these shares.