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Monday, 28 March 11
HARUM ENERGY FY10 EARNING UP 7.23% - INSIDER STORIES
Thermal coal producer PT Harum Energy Tbk (HRUM), controlled by Indonesian businessman Kiki Barki through his son Lawrence Barki, posted a slight increase in net income of 7.23% last year as it obtained contributions of net income from two associated companies. as qouted by Insider Stories.
Insider strories further reported, at the operational line, Harum Energy didn't show any shinny performance. Income from operations slightly decreased 6.56%, while revenue retreated 2.39%.
In the financial statement submitted to Indonesia Stock Exchange last week, Harum posted Rp822.94 billion net income last year from Rp767.47 billion in 2009.
Of the earning, the company recorded Rp131.91 billion net income from two associated companies namely coal miner PT Santan Batubara and PT Lotus Coalindo Marine.
Income from operations fell 6.56% to Rp1.14 trillion from Rp1.22 trillion, sending its operating margin lowered to 25.39% from 26.52%. Harum Energy's gross profit was also in a slight decline to Rp1.58 trillion from Rp1.66 trillion. Revenue recorded Rp4.49 trillion, a slight decrease of 2.39% from Rp4.60 trillion.
Associated companies
Harum Energy booked Rp131.91 billion net income contributions from Santan Batubara, with 50% shareholding, and Lotus Coalindo. PT Petrosea Tbk (PTRO), wholly owned subsidiary of PT Indika Energy Tbk (INDY) owns 50% shareholding in Santan Batubara.
Santan batubara contributed Rp125.41 billion net income to both Harum Energy and Petrosea, while Lotus Coalindo contributed Rp6.49 billion net income to Harum Energy.
PT Karunia Bara Perkasa controls 79.72% shareholding in Harum Energy and PT Bara Sejahtera Abadi owns 0.09% shareholding in Harum Energy. Kiki Barki and his son Lawrence Barki are controlling shareholders in Karunia Perkasa and Bara Abadi.
Source: Insider Stories
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Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy
Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...
Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
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- Ceylon Electricity Board - Sri Lanka
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- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
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- Singapore Mercantile Exchange
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- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
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- Parliament of New Zealand
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- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
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- Chamber of Mines of South Africa
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- Independent Power Producers Association of India
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- Electricity Generating Authority of Thailand
- Minerals Council of Australia
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- Merrill Lynch Commodities Europe
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- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
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- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
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- Australian Coal Association
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- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Bayan Resources Tbk. - Indonesia
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- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
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- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
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- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- ICICI Bank Limited - India
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- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
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- Georgia Ports Authority, United States
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- Sindya Power Generating Company Private Ltd
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- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
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- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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