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Friday, November 26, 2010

Five director Pupuk Kaltim dismissed

BI / exchange
16/11/2010
Irvin Avriano A.

Five director Pupuk Kaltim dismissed

JAKARTA: Five directors of PT Pupuk Kaltim dismissed, including chief executive and finance director, and only four positions that have been replaced. Pupuk Kaltim is one of a bond issuers in the capital market.

In the corporation information disclosure to the Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) today stated the company has not been appointed a new finance director, while the previous official Eko Sunarko also removed from his position.

This was a result of the extraordinary general meeting of shareholders company held on November 12th.

The former president director, Hidayat Nyakman, replaced by Aas Asikin Idat. Nugraha Budi Eka Irianto replaced by Suhardi Rachman as a new director of production, then Suldja Hartono replaced by Ida Bagus Agra Kusuma as commercial director.

Ahmad Bakir Pasaman also replaces Robby Subianto as technical and development director. The officials are still in the previous position only Jusri Minansyah as human resources and general director.

From the company official website mentioned Aas Asikin previously was president director of PT Pupuk Kujang Cikampek, while Hidayat after the resigning will post in his new position as president director at PT Petrokimia Gresik.

The wesite also described the EGM was done in the Pupuk Kaltim parent company office, PT Pupuk Sriwidjaja.

In the 3rdQ/2010, Pupuk Kaltim recorded an 2.66% increased revenue compared with revenues in the 3rdQ/2009. Net income increased by 21.05% from IDR392.86 billion per 3rdQ/2009 to IDR475.56 bio per 3rdQ/2010.

Pupuk Kaltim's net profit margin also increased by 17.9% from 7.6% to 8.96% for the same period.

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