SEKAR BUMI IS BACK TO IDX AND READY FOR EXPANSION
Jakarta, Friday, September 28, 2012
PT Sekar Bumi, Tbk. has received approval for shares relisting by the Indonesia Stock Exchange; therefore, per today, Friday, September 28, 2012, the Company shares are back for trading under the trading quote of SKBM.
Since getting its shares delisted until today, the Company has always fulfilled its obligations as a public company, in accordance with the Capital Market law and regulations as well as regulations by Bapepam-LK.
In the process of its shares relisting, Sekar Bumi has fulfilled and complied with the applicable procedures and regulations, including Indonesia Stock Exchange Regulations No. I-1 Kep-308/BEJ/07-2004 about Shares Delisting and Relisting in IDX. Some past procedures include appointment of Capital Market Professional Institutions, submission of request and report by the Professional Institutions, fulfillment of additional documents, mini expose on September 3, 2012 and factory visit by IDX on September 11, 2012.
The Company’s achievement to restore back the confidence over its performance after getting affected by the economic crisis in 1997/98 which resulted in the shares delisting by Jakarta Stock Exchange in 1999 cannot be separated from the Company’s success to maintain and improve its operational performance supported by some improvements in its financial position. Last year, the Company had completed the quasi-reorganization that eliminated its deficits shown in the equity side. Until March 2012, the Company’s equities recorded an amount of IDR 109 billion with net profit of IDR 3 billion.
Considering the Company’s improvement and better financial condition, growing operational performance, and high market demands for Company’s products in line with positive national economic growth; the Company intended to relist its shares in IDX in order to:
On the operational side, the Company has shown good improvements seen from the increase of its sales by 33.90%, gross profit by 56.30% and comprehensive net income by 436.25% for the period of March 2012 as compared to the same period in the previous year.
Presently, the Company has 4 subsidiary companies, namely PT Karka Nutri Industri, a manufacturer for shrimp and fish feed, PT Sekar Katokichi, that is engaged in the manufacturing of breaded shrimps, PT Bumifood Agro Industri, that is engaged in cashew nuts processing, and PT Bumi Pangan Utama that is engaged in frozen food and seafood manufacturing.
The Company will regularly report its performance and business progress through public expose.
For more information, please contact:
Ivone Margaretha - Corporate Secretary
Plaza Asia 2nd Floor,
Jl. Jend. Sudirman Kav. 59
Ph: +6221 5140 1122, Fax: +6221 5140 1212
Mobile: +62816 954 571