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Home arrow Latest News arrow PERFORMANCE SRIL: Optimistic Sritex Full Year Profit Grew 20%

PERFORMANCE SRIL: Optimistic Sritex Full Year Profit Grew 20% PDF Print E-mail
Written by Maizer   
Friday, 28 October 2016
One of the 50 richest people in Indonesia as the owner of PT Sri Rejeki Isman Tbk. (SRIL) is optimistic that the company's net profit this year could grow by 20% year-on-year. Sri Rejeki Isman textile manufacturer pocketed a net profit of US $ 44.89 million equivalent to Rp583,5 billion, which represents 81% of the consensus projection throughout 2016.


President Director of PT Sri Rejeki Isman Tbk. Iwan Setiawan Lukminto targeting net profit growth this year minimum period equal to the acquisition of 2015. In fact, Iwan sure net income could grow 20% this year.


"We estimate the net profit in 2016 remains as 2015, could even grow 20%," he said.


Last year, issuers coded SRIL share it pocketed a net profit of US $ 55.66 million, up 7.17% from US $ 50.45 million. Revenues last year rose 10.3% from US $ 589.08 million to US $ 631.34 million.


Allan Moran Severino, Director of Finance issuers is more famous as Sritex optimistic to reap a net profit this year worth US $ 64.01 million, up 10% -15% year-on-year. Targeted sales increased 5% -8% this year.


In a financial report released by the company, on Tuesday (10/25/2016), mentioned in net profit attributable to the parent entity reached US $ 44.89 million. The profit was up 17.2% on the acquisition of the same period last year of US $ 38.3 million.


SRIL obtains revenues reached US $ 498.69 million in the third quarter / 2016, up 4.9% from the same period the previous year of US $ 475.27 million.


Cost of revenues also increased 4.2% to US $ 394.46 million from US $ 378.41 million. Thus, Sritex gross profit rose 7.6% to US $ 104.2 million from US $ 96.8 million.


The foreign exchange loss further reduced to US $ 405,250 from US $ 3.55 million. Finally, profit for the period reached US $ 44.89 million, up 17.2% year-on-year from US $ 38.3 million.


Investment Specialist PT BNI Asset Management Akuntino Mandhany, assess SRIL have lines upstream and downstream businesses. SRIL textile market share is very open, especially for military clothing products.


"Production and Sritex clear target market. But bond issuance yesterday feared to be a financial burden," he said.


Indeed, ratings agency Standard and Poor's downgraded the long-term debt Sritex to B + from BB- with a stable outlook. Global bonds issued by its subsidiary, Golden Legacy Ltd. Rp4,65 trillion worth to have a coupon of 8.25%.


According Akuntino, global interest coupon bonds was fairly large. He worried that the company obtain additional financial burden of interest payments despite a natural hedge.



KINERJA SRIL: Sritex Optimistis Laba Full Year Tumbuh 20%



Salah satu dari 50 orang terkaya di Indonesia sebagai pemilik PT Sri Rejeki Isman Tbk. (SRIL) optimistis laba bersih perseroan tahun ini mampu tumbuh 20% year-on-year.


Emiten tekstil Sri Rejeki Isman mengantongi laba bersih US$44,89 juta setara dengan Rp583,5 miliar, yang merupakan 81% dari proyeksi konsensus sepanjang 2016.


Direktur Utama PT Sri Rejeki Isman Tbk. Iwan Setiawan Lukminto menargetkan pertumbuhan laba bersih tahun ini minimum menyamai dengan perolehan periode 2015. Bahkan, Iwan yakin laba bersih mampu tumbuh 20% tahun ini.


"Kami estimasikan laba bersih 2016 tetap seperti 2015, bahkan bisa tumbuh 20%," ujarnya .


Tahun lalu, emiten bersandi saham SRIL itu mengantongi laba bersih US$55,66 juta, naik 7,17% dari US$50,45 juta. Pendapatan tahun lalu naik 10,3% dari US$589,08 juta menjadi US$631,34 juta.


Allan Moran Severino, Direktur Keuangan emiten yang lebih sohor dengan sebutan Sritex, optimistis dapat meraup laba bersih sepanjang tahun ini senilai US$64,01 juta, naik 10%-15% year-on-year. Penjualan ditargetkan meningkat 5%-8% tahun ini.


Dalam laporan keuangan yang dirilis perseroan, Selasa (25/10/2016), disebutkan laba bersih yang dapat diatribusikan kepada entitas induk mencapai US$44,89 juta. Laba tersebut naik 17,2% dari perolehan periode yang sama tahun lalu US$38,3 juta.


Pendapatan yang diraup SRIL mencapai US$498,69 juta hingga kuartal III/2016, naik 4,9% dari periode yang sama tahun sebelumnya US$475,27 juta.


Beban pokok pendapatan juga meningkat 4,2% menjadi US$394,46 juta dari US$378,41 juta. Sehingga, laba kotor Sritex naik 7,6% menjadi US$104,2 juta dari US$96,8 juta.


Kerugian selisih kurs semakin berkurang menjadi US$405.250 dari sebelumnya US$3,55 juta. Akhirnya, laba periode berjalan mencapai US$44,89 juta, naik 17,2% year-on-year dari US$38,3 juta.


Investment Specialist PT BNI Asset Management Akuntino Mandhany, menilai SRIL memiliki lini bisnis hulu dan hilir. Pangsa pasar tekstil SRIL sangat terbuka, terutama untuk produk pakaian militer.


"Produksi dan target pasar Sritex jelas. Tapi penerbitan obligasi kemarin dikhawatirkan menjadi beban keuangan lagi," katanya.


Memang, lembaga pemeringkat Standard and Poor's menurunkan rating utang jangka panjang Sritex menjadi B+ dari BB- dengan outlook stabil. Obligasi global yang diterbitkan anak usahanya, Golden Legacy Ltd. senilai Rp4,65 triliun memiliki kupon 8,25%.


Menurut Akuntino, kupon bunga global bonds itu terbilang sangat besar. Dia khawatir, perseroan mendapatkan tambahan beban keuangan pembayaran bunga meskipun terjadi lindung nilai secara alamiah.

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