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Sunday, 19 June 11
BUMI 1Q NET PROFIT INCREASES 16.5 PERCENT


PT Bumi Resources Tbk (BUMI), Indonesia's largest coal exporter that is 25% owned by London-listed Vallar Plc, reported a16.49% increase in net profit for the first quarter of this year on the back of higher revenue, as quoted by Insider Stories.

Bumi posted US$113 million net profit in 1Q 2011 from US$97 million net profit a year earlier.

The company booked US$1.23 billion sales revenue, a 21% growth from US$1.02 billion. Average selling price rose 39.65% to US$87.63 per ton from US$62.75 per ton. Bumi's operating income increased 44.29% to US$316 million from US$219 million.



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Recent News

Monday, 20 June 11
KPCL SETS ALL INDIA & POSSIBLY A WORLD RECORD FOR COAL DISCHARGING
COALspot.com - Krishnapatnam Port has set an all India record for discharging 95,528 tons of steam coal in just 24 hrs using the conventional unload ...


Monday, 20 June 11
5TH ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2011 IS ON THE WAY
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Sunday, 19 June 11
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COALspot.com - The freight market seemed to be stabilizing and the BDI and Cape index was up marginally and closed at 1,423 points and 1,824 points ...


Friday, 17 June 11
DRY BULK BREATHES SIGH OF RELEAF ON RENEWED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
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Thursday, 16 June 11
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