Wednesday, April 1, 2009

Indonesia's BRI says 2008 net profit up 23 pct

JAKARTA -
Indonesia's third-largest lender, PT Bank Rakyat Indonesia Tbk (BBRI.JK), on Tuesday reported a 23 percent rise in 2008 net profit, beating analysts' forecasts.

The state-owned lender said in a statement that full-year net profit was 5.96 trillion rupiah ($516.9 million), compared to 4.84 trillion rupiah a year earlier.

Analysts polled by Reuters Estimates had forecast a net profit of 5.58 trillion rupiah. ($1=11530 Rupiah). March 30, 2009 by Reuters.

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