Buana Finance Profit corrected 41%

JAKARTA - PT Buana Finance Tbk (BBLD) in the first half of 2008 net profit Rp32, 121 billion, or down 41 percent compared to the same period of 2007 Rp45, 190 billion. The increase in operating expenses, to trigger the growth decline.

"Net profit decline can not be separated from liability company which increased to Rp809, 301 before miilar of Rp542, 089 billion," said Corporate Secretary BBLD Sudiono Pujo, in Jakarta, Monday (4/8/2008).

Terkoreksinya growth this company, he explained, followed by a decline in operating profit to Rp46, 442 billion or down from the previous period Rp64, 925 billion and net earnings per share to fall from Rp23 or Rp32 previous period per share.

However he explained, the company earnings rose to Rp128, 575 miiar from the previous period Rp121, 606 billion.