Blue Chip Firms Profit Increase

Some non-banks blue chip firms with huge market capitalisation in Indonesian Stock Exchange (IDX) had booked average 79% net profit increase in 1st semester of 2008 which supported by commodity price increase.

Until the end of July, 7 out of 15 company which had the biggest capitalisation in IDX had announce officially its 1st semester financial report.

And from the seven companies, three of them are PT Astra Agro Lestari Tbk, PT United Tractors Tbk and PT Tambang Bukit Asam Tbk, got profit more than double.

There are an assumption that factors such as commodity price increase like crude palm oil and coal become the stimulus for this three companies performance leap.

7 companies net profit in 2008

Astra International  4.754

Astra Agro Lestari  1.597

United Tractors  1.206

Tambang Bukit Asam    710

Semen Gresik  1.138
—————————————————–
(In IDR billion)