Tuesday, April 3, 2012
BORN
BORN FY11 earnings is 7% above concensus estimate
Borneo Lumbung Energy (BORN) 4Q11 earnings relatively flat on a q-o-q basis, yet the figures managed to close down its FY11
earnings amounting to IDR1,828bn (+423.9% y-o-y), 7% above consensus estimate. The significant improvement on its balance
sheet and P&L was mainly spurred by its increase in production capacity, according to BORN president director, Alexander Ramlie.
(Bisnis Indonesia)
source: OSK Indonesia Equity dated 3 April 2012
Borneo Lumbung Energy (BORN) 4Q11 earnings relatively flat on a q-o-q basis, yet the figures managed to close down its FY11
earnings amounting to IDR1,828bn (+423.9% y-o-y), 7% above consensus estimate. The significant improvement on its balance
sheet and P&L was mainly spurred by its increase in production capacity, according to BORN president director, Alexander Ramlie.
(Bisnis Indonesia)
source: OSK Indonesia Equity dated 3 April 2012
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