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The sales of PT Catur Sentosa Adiprana Tbk’s subsidiary, Mitra10, increased by 14.69% to IDR 166.16 billion in the first four month of 2009. That sales contributed for 16.54% to the total company’s consolidated sales . The director of Catur Sentosa, Idrus H Widjadjakusuma said that the addition of Mitra10 outlets and high demand of building materials in the last two years has a positive impact on Catur Sentosa’s financial performance. “Catur Sentosa has an additional revenue of IDR 27.49 billion from the new outlets opened from the second semester of 2008”, said Idrus. The CEO of Mitra10, Emi Nuel said that in the future Mitra10 will be the backbone of Catur Sentosa’s business. “After some aggressive expansion in some areas, the management also does implements some strategy such as remodeling and relaunching Mitra10 outlets to increase the sales. Idrus added that the company is optimist to book a financial growth in this year. Better macro economy indicators such as declining interest rate will support company performance this year. Source : Investor Daily, June 11, 2009 |
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The building material distribution company, PT Catur Sentosa Adiprana Tbk in 2008 booked a net profit of Rp 56.22 billion, rose 67% from Rp 33.49 billion in the previous year. “The surge in net profit was boosted by a 27.06% rise in sales from Rp 2.13 trillion in 2007 to Rp 2.71 trillion in 2008,” said the director of CSAP, Idrus H Widjadjakusuma. According to Idrus, the company was able to maintain the profitability margin by managing the inventory, operating expense and other expenses. It is proven by the increase in gross margin from 12.57% to 13.46%. While the operating margin increased from 3.48% to 4.01%. This made the net margin rose from 1.57% to Rp 2.07%. He said that this result came from the company strategy to speed up retail segment growth that still has room to grow. In 2008, the sales in building distribution segment rose 38% from Rp 360.01 billion in 2007 to 495.55 bilion in 2008. Retail segment contribution rose from 16.87% to 18.27%. “This result is in line with our strategy who made the retail segment as the backbone of company’s sales,” said Idrus. He said, to speed up the retail segment, the company designs some strategy including re-modeling and relaunching the outlet of Mitra 10 Superstore. We are still optimist that the retail segment can grow this year, so the company conservatively targeted this segment growth by 20% to 30%, in line with expansion plan in some areas,” said Idrus. This year CSAP allocates Rp 150 billion to open more Mitra 10 outlets. The company plans to open 3-4 outlet Mitra 10 in some areas to support the aggressive expansion plans. Until the first semester of 2009, the company has opened two new outlet of Mitra 10, Denpasar - Bali and Serpong – Tangerang. Sumber Seputar Indonesia 24 Maret 2009 |
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In the current economic condition, the building material store chain, PT Catur Sentosa Adiprana Tbk still can book an increase in the net profit and succeeded in increasing the net income by 67% from Rp 33.49 billion in 2007 to Rp 56.22 billion in 2008. The strong increase in net profit was boosted by 27.06% rise in sales from Rp 2.13 trillion in 2007 to Rp 2.71 trillion in 2008. The company was also succeeded in maintaining the profitability margin by managing the inventory, operating expense and other expense. It is proven by the increase in gross margin from 12.57% to 13.46%, while the operating margin grew from 3.48% to 4.01% and the net margin also increased from 1.57% to 2.07%. “This is a special honour for the company since we succeeded in increasing our performance in 2008. This result came from company strategy which sped up the growth in retail segment that has room to grow. This year Mitra 10 modern retail segment rose 38% or contributed a Rp 495.55 billion of sales,” said the director of CSAP, Idrus H Widjadjakusuma. The surge in sales came from good contribution of any business segment. Retail segment rose 38% from Rp 360.01 billion in 2007 to Rp 495.55 billion in 2008. This year, the contribution from retail segment increased from 16.87% in 2007 to 18.27% in 2008. Building material distribution segment rose 25.41% from Rp 1.64 trillion in 2007 to Rp 2.06 trillion in 2008, while chemical distribution rose 18.87% from Rp 131.55 billion to Rp 156.37 billion in 2008. “To speed up the retail segment, we have created several strategies including re-modeling and relaunching the outlet of Superstore Mitra 10. We believe in 2009 this segment can still grow,” said Idrus. Sumber : Rakyat Merdeka, 24 Maret 2009. |
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PT Catur Sentosa Adiprana Tbk prepares Rp 150 billion to build ten new Mitra 10 outlets in this year. Those outlets will be opened in many areas such as Jabodetabek, Yogyakarta, Makassar and Bali. “The company will open Mitra 10 Express and Mitra 10, five outlets for each category”, said Idrus H Widjadjakusuma, the director of CSAP. |
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Vonita Febriyantie, a capital market observer working in PT Indo Premier Securities, listed three sectors that are prospective in 2009. 1. Infrastructure sector - The sector has the brightest opportunity as the government keeps pushing the infrastructure projects to increase the economic development. JSMR and WIKA are the stocks appropriate for collection in this sector 2. Consumer sector - this sector is supported by the increase of civil employees and soldiers' salaries by 15%, the increase of revenue free of tax, and the decrease of individual income tax rate from 35% to 30%, the deletion of 10% tax bracket, and the decrease of fuel price.. The general election will also be the source of fresh money. 3. Finance sector - As BI rate is down by 25 bps and expected to decrease further, the finance sector will be supported. The determination of the sectors is done by calculating their Coefficient Variation to see their sectoral growth return. |
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