Bakri: master Reorganization Completed This Year
Mei 24, 2011 Tinggalkan komentar
Arinto Tri Wibowo
PT Bakrie & Brothers Tbk optimistic that the quasi reorganization will continue to run as planned and completed this year. To realize the agenda, the company has submitted plans to the quasi reorganization of the Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK).
Managing Director and Chief Executive Officer of Bakrie & Brothers, Bobby Gafur Umar, said the company is finalizing all the documents and administrative prerequisites for the implementation of quasi reorganization that.
“We’re preparing data and documentation required for the quasi reorganization can run well and according to the rules,” Bobby said in a written statement received VIVAnews.com in Jakarta, Tuesday, May 24, 2011.
Through the quasi reorganization, Bobby continued, the company balance sheet is expected to become more healthy. As a result of the 1997 monetary crisis and the global financial crisis in 2008, as of December 31, 2010, Bakrie & Brothers had a deficit of Rp38, 2 trillion. Of this total, amounting to Rp27, 7 trillion is a deficit caused by losses on investments after the crisis in 2008.
“We worked hard for the quasi reorganization program is running smoothly. Therefore, the impact is very positive for investors Bakrie & Brothers,” he explained.
Bobby added that the company will gain many benefits from the quasi reorganization. Among the book value of the company shows the true condition without the burden of deficit. The Company may also restate its assets and liabilities, and may declare dividends to shareholders in the future.
Along with national economic growth is quite positive, optimistic Bakrie & Brothers business performance will increase further this year. As of December 31, 2010, company revenues grew 71.78 percent from Rp7, 63 trillion in 2009 to Rp13, 10 trillion. Business profit also rose 39.01 percent to Rp975, 85 billion