JAKARTA: PT Asuransi Bintang Tbk, a general insurance company, targets three-fold net income jump to IDR9.10 billion this year, boosted by premium income increase.
In a information disclosure published today, the company said that its revenue is predicted to grow by 24.81% to IDR210 billion this year.
The company booked IDR56.31 billion in gross premium income or grew by 21.33% in January-April 2011 compared to the same period last year. Meanwhile its net income climbed to IDR220 million, reversing its IDR9.22 billion loss in January-April 2010.
Meanwhile, the company estimated to book IDR46 billion income and IDR3.3 billion fees from all sharia business units.
The ASBI-coded stock gained IDR10 or 3.17% to IDR325 at the Jakarta Stock Exchange as of 11.37 a.m. local time with 4.37 price to earnings ratio. (NOM)
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Source: http://www.bisnis.com/business/26073-asuransi-bintang-eyes-idr910-billion-net-income
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