PLN to not pay dividends due to
weakening rupiah
State-run
electric company PT Perusahaan Listrik Negara (PLN) is not going to pay out
dividends to the government as it suffered a huge net loss last year.
"This
is because of [rupiah against US dollar] rate changes," PLN president
director Nur Pamudji said at the Economic Coordinating Ministry office in
Jakarta on Friday as quoted by kompas.com.
Nur
said that he had reported the dividend issue to the central government.
PLN
suffered a Rp 29.4 trillion (US$2.52 billion) net loss last year due to the
weak rupiah, thus increasing the firm's power purchasing price.
Comment :
i
think all it to happening because Losses
to The state company has to pay the loan in foreign currency from a number of
agencies amid weak international
exchange rupiah against the U.S. dollar . Operating profit of PLN
continues improved . 2008 new business profit of Rp 3.6 trillion and Rp 34.7
trillion in 2013 . however , due to foreign exchange losses , PLN experience losses
at the end of 2013 before the audited Rp 30.9 trillion . Because about 30
percent of the debt PLN dominated debt in foreign currency , the Another loan
from the Asian Development Bank ( ADB ) , World Bank , and the financial
institutions of one country , for example, the Bank of Japan to Work International
same . during the investment growth PLN closed with debt . The data mentioned ,
the current debt Long-term PLN Rp 220 trillion , while the PLN's total debt ,
both long-term debt nd short-term , per December 31, 2013 reached Rp 466
trillion . Meanwhile , the company aims to invest in 2014 Rp 57.54 trillion ,
lower than the target investment 2013 of Rp 64.9 trillion . " The decline
in the target due to reduced ability of PLN . It is between because electricity
rates rose only partially , operating margin was not enough so the ability borrowing
is reduced .
Tidak ada komentar:
Posting Komentar