Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Indonesia>>Companies>>Cikarang Listrindo books $71.5m in profit in first half of 2017
NEWS UPDATES Asean Affairs    August 1,  2017  









Cikarang Listrindo books $71.5m in profit in first half of 2017

Indonesia:Publicly listed independent power plant producer PT Cikarang Listrindo announced on Sunday that the company had booked US$71.5 million in net profits during the first half of 2017, up by 18.1 percent from the $60.6 million in the same period in 2016.

Meanwhile, the earnings before interest, taxes, depreciation and amortization (EBITDA) recorded a 3.3 percent increase to $103.1 million, from $99.8 million in 2016. The company’s gross margin also rose to 35 percent year-on-year, from 34 percent.

“This positive achievement was due to the growing electricity demand from industrial sites, which rose by 4.3 percent in the first half of 2017,” said Cikarang Listrindo finance director Christianto Pranata.

Furthermore, the company completed the commissioning process for its first coal-fired power plant (PLTU) in the first half.

“Our first PLTU has begun operation with a total capacity of 140 megawatts [MW]. Our operational team is also attempting to finish the commissioning process for our second PLTU. Hopefully, it will start operations in the near future,” Christianto said in the statement.

The second PLTU is expected to increase the company’s overall electricity capacity to 1,144 MW from the current capacity of 1,004 MW.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                          August 1, 2017 Subsribe Now !
• F&B investment records Rp 37.3t in first semester: Gapmmi Subcribe: Asean Affairs Global Magazine
• Private sector vital for fuelling economy: PM
Cikarang Listrindo books $71.5m in profit in first half of 2017
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• VN, New Zealand eye $1.7b trade by 2020  
• China’s CITIC to partner with Myanmar Rice Federation on study
Asean Analysis                  July 31,  2017
• Asean Analysis July 31, 2017
A Dramatic Year Fails to Smooth the South China Sea
Advertise Your Brand

Asean Stock Watch    July 31, 2017

• Asean Stock Watch-July 31, 2017
The Biweekly Update
• The Biweekly Update  July 31, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com