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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, 26 March 11
ADARO AIMS TO DOUBLE COAL PRODUCTION -THE JAKARTA POST
The Jakarta Post reported that, coal producer PT Adaro Indonesia is planning to soon boost its production capacity to 80 million tons annually, almo ...
Friday, 25 March 11
KNOWLEDGE INFRASTRUCTURE TO BAG 160,000 MT COAL SUPPLY ORDER FROM TNPL
COALspot.com - Delhi based Knowledge infrastructure Systems Pvt. Ltd offered lowest price of US$ 97.10 per metric ton for calorific value of 6000 GA ...
Friday, 25 March 11
THE CAPESIZE MARKET CONTINUED TO FALL - FEARNBULK
Handy
The Atlantic market remains stable with more activity from the Black Sea to Feast paying in the mid 20´s on supras.
The USG remain ...
Friday, 25 March 11
BORNEO ENERGI FY10 NET INCOME SOARS - INSIDER STORIES
Coking coal producer PT Borneo Lumbung Energi Tbk (BORN) booked a skyrocket net income by 499.72% from net loss position in 2009, as quoted by Insid ...
Thursday, 24 March 11
INDIA'S CHETTINAD INTERNATIONAL COAL TERMINAL'S PERMISSIBLE DRAFT HAS INCREASED TO 13.5 M
COALspot.com - Chettinad International Coal Terminal in Ennore port has the berth with draft 13.5 Meters now, according to E-Mail statement received ...
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- Ministry of Mines - Canada
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- Anglo American - United Kingdom
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- London Commodity Brokers - England
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- IEA Clean Coal Centre - UK
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- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
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- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
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- VISA Power Limited - India
- Parliament of New Zealand
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- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
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- Medco Energi Mining Internasional
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- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
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- Price Waterhouse Coopers - Russia
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- Indonesian Coal Mining Association
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- Sical Logistics Limited - India
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- Chamber of Mines of South Africa
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- Indogreen Group - Indonesia
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- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
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- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
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- Australian Commodity Traders Exchange
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- Africa Commodities Group - South Africa
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- Ceylon Electricity Board - Sri Lanka
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- Power Finance Corporation Ltd., India
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- The University of Queensland
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- Australian Coal Association
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- Bangladesh Power Developement Board
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- Minerals Council of Australia
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- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
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- Global Business Power Corporation, Philippines
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- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Economic Council, Georgia
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- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
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