logo
logo
Sign in

Four Years Of Continuous Losses, Bakrie & Brothers Harvest A Profit This Year

avatar
Berita Terkini
Four Years Of Continuous Losses, Bakrie & Brothers Harvest A Profit This Year

Katadata.co.id - PT Bakrie & Brothers (BNBR) stable printing profit throughout the nine months of 2019.

If it continues, then this year could be the year of the first TIRA print the net profit, after four years of consecutive loss.

Based on the financial statements of the company, BNBR booked a net profit Rp 36,78 billion per the end of March, and then rose significantly to Rp 222,68 billion by the end of June, and reached Usd 342,34 billion per the end of September.

President director BNBR Anindya Bakrie said the achievement is due to improvement in the performance of the subsidiary.

Last year, we also do partial conversion of debt into stock and this helped to lighten the load significantly,” says Anindya.

The subsidiary recorded give great support to the INDS, namely Bakrie Pipe Industries (BPI).

collect
0
avatar
Berita Terkini
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more