"The figure excludes tax on profit, which is worth Rp83.47 billion."Jakarta (ANTARA News) - The Indonesian Stock Exchange (IDX) is expecting to have an increased number of initial public offerings (IPO), from the 25 at present to 30 in 2013.
IDX president director Ito Warsito expressed optimism that the stock exchange "will deliver optimal performance" next year.
"The addition of new companies is also expected to increase the average daily transaction value of shares, which is targeted to reach Rp5.50 trillion," he said here on Thursday.
"Moreover, the average daily transaction volume of government bonds, listed under `Centralized Trading Platform Value Added Services', is projected to reach Rp4.03 billion. And the average daily transaction volume of corporate bonds has already touched Rp1.71 billion," Ito noted.
Based on the assumptions, he added, IDX is targeting an operating profit of Rp94.91 billion from net revenues of Rp526.5 billion, with operating expenses at Rp431.24 billion.
"The figure excludes tax on profit, which is worth Rp83.47 billion. The pre-tax profit of IDX is therefore expected to be Rp178.38 billion," Ito pointed out.
He stated that investments in IDX were predicted to reach Rp58.91 billion in 2013, up 23.66 percent from the projected Rp47.64 billion in the revised 2012 Annual Work Plan Budget.
"This increase is due to our planned strategic investment initiatives with regard to information technology on trading systems, social media portal for market development, as well as companies and members development system," Ito explained.
(U.A050/INE/KR-BSR/A014)
Editor: Priyambodo RH
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