Reuters: Hot Stocks: STOCKS NEWS INDONESIA-Bank Mandiri up after Q2 result

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STOCKS NEWS INDONESIA-Bank Mandiri up after Q2 result Jul 31st 2012, 08:07 Tue Jul 31, 2012 4:07am EDT Shares of PT Bank Mandiri Tbk rose as much as 5.7 percent after it said second quarter net profits rose 48 percent from a year ago. Indonesia's biggest lender said on Monday its second quarter net profit was 3.7 trillion rupiah ($391.33 million), compared with 2.5 trillion rupiah in the same period a year earlier, as loan growth remained strong in Southeast Asia's top economy. "BMRI posted an encouraging performance ... The bank was able to expand their non-interest margin," Jakarta-based IndoPremier Securities said in a report. By 2:54pm (0754 GMT), the counter was up 4.5 percent at 8,200 rupiah per share. The broader index was up 0.6 percent.

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