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Friday, 15 July 11
BUKIT ASAM 1H COAL SALES UP 44 PERCENT


The state-controlled PT Tambang Batubara Bukit Asam Tbk (PTBA) is estimated to post 6.5 million tons of coal sales in the first half of this year, a 44.4 percent increase from 4.5 million tons a year ago, as quoted by Insider Stories.

Insider Stories further reported that, in line with the sales growth, the company's revenue may surpass Rp 5 trillion in 1H 2011, a 31.93 percent  increase from Rp 3.79 trillion (approx. US$ 444,314,185) in 1H 2010.

President Director Sukrisno said the company may book Rp1.5 trillion (approx. US$ 175,849,941) net profit, a steep jump of 65.18 percent  from Rp 908.11 billion (approx. US$ 106,398,459).

As a result, he is optimistic that Bukit Asam may reach its net profit target of Rp 3 trillion (approx. US$ 351,502,085) by end of the year from 2.01 trillion (approx. US$ 235,506,397) last year. "Revenue is targeted to reach Rp11 trillion (approx. US$ 1,288,816,819)."
Source: Insider Strories



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Recent News

Sunday, 10 July 11
DRY BULK MARKET SHOWING SIGNS OF IMPROVEMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Stronger Capesize demand has helped propel the dry bulk market forward this week, with the Baltic Dry Index (BDI) ending yesterday’s session u ...


Sunday, 10 July 11
INDONESIAN BAYAN RESOURCES TO SUPPLY 100 MILLION TONS OF COAL TO INDIAN UNIVERSAL SUCCESS ENTERPRISES LIMITED
Coal miner PT Bayan Resources Tbk (BYAN), that is owned by Dato' Low Tuck Kwong, has entered into a conditional sales and purchase agreement to sup ...


Thursday, 07 July 11
BELOW 5100 COAL WILL BE BANNED FOR EXPORT BY 12 JANUARY 2014
COALspot.com - Indonesian government is in the process of drafting an amendment for government regulation 23/ 2010. GR 23/2010 has issued to sup ...


Wednesday, 06 July 11
ATLAS RESOURCES TO OFFLOAD 17 PERCENT IPO - INSIDER STORIES
Coking and thermal coal miner PT Atlas Energi Resources aims to offload 17percent new shares of its enlarged capital after Eid-Fitri holidays, as qu ...


Tuesday, 05 July 11
UNTR REVISES UP SALES TO 7,500 UNITS - INSIDER STORIES
PT United Tractors Tbk (UNTR), distributor of Komatsu heavy equipment and parent of PT Pamapersada Nusantara, has revised up its equipment sales tar ...


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