Who is Davomas ultimate owner?
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Diversified agribusiness company PT Salim Ivomas Pratama Tbk (SIMP) today reported a net profit jump of 113.8% to Rp885 billion in the first half of this year from Rp414 billion a year earlier. These steep growth was a result of higher profitabilities, shown by both gross margin and operating margin that improved to 37.5% and [...]
PT Kirana Megatara, subsidiary of Triputra Group, owned by Indonesian businessman Theodore Permadi Rachmat, has secured US$600 million loan facilities from 12 banks with option to raise another US$200 million. About 3-year US$500 million of the facilities will be used as working capital and the 5-year US$100 million will be allocated for investment. Bank CIMB, [...]