• ICMSS

Q3 Earnings Increased 12%, IDX Says


As the third quarter of 2018’s financial year comes to an end, statistics from Indonesia Stock Exchange brings promise of economic growth throughout the firms registered in Indonesia’s stock market. From the 610 listed companies at IDX, 519 have stated its financial report, with results showing that 405 firms experienced net profits. Moreover, from the businesses achieving profits in the third quarter, 301 achieved an increase in their profit results. The 405 companies bookkept a total net profit of Rp 244 trillion, an improvement of 12% from last year’s third quarter financial report, which was recorded as having a total profit of Rp 218 trillion.


I Gede Nyoman Yetna, IDX’s Director of Company Examination, stated that besides profits, companies all-around experienced an increasing number of revenues and assets as well. “Generally, the firms’ financial performance are improving throughout when compared with last year’s report”, he added. According to Nyoman, all sectors recorded have shown growth in revenues and assets. Some industries such as mining, miscellaneous, as well as trade-services and investment industries have recorded the biggest increase in assets. On the flip side, basic and chemicals industries, as well as property, real estate, and building construction industries have shown the highest increase in net income.


Of all 405 listed companies, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) came out as the winner with the most profit, as they were able to gain Rp 23.54 trillion in profit, which is an increase of 14.6% from the previous period of Rp20.54 trillion. In second place, PT Astra International Tbk (ASII) followed in second place with a profit of Rp21.57 trillion, which is an outstanding increase of 24.1% from the previous profit of Rp17.38 trillion. The next company on third place is PT Telekomunikasi Indonesia (Persero) Tbk (TLKM), while on fourth and fifth place consecutively are PT Bank Mandiri (Persero) Tbk (BMRI) and PT Bank Central Asia Tbk (BBCA).


As the financial performance of firms strengthens, the value of Jakarta Composite Index (JCI) is predicted to increase as well, even approaching levels of 6,000. The good news are cause for optimism in the always-developing financial sector of Indonesia. Increase in profits and assets shows that companies throughout our country are able to flourish and expand their network further, even under non-optimal and unstable economic weather around the world.


Sources:

CNN Indonesia

Bisnis Indonesia

0 views

info@icmss-febui.com

Rara +62 813 88977484

  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon

Management Student Society Office

Student Center Building, 2nd Floor

Faculty of Economics and Business,

University of Indonesia

Depok, Indonesia

Copyright @ 2018 ICMSS FEB UI. All Rights Reserved.

Logo Icon.png