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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

Thursday, 19 May 11
OVERSUPPLY, VERY LARGE ORE CARRIERS EAT UP ON DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a brief upward momentum which ended early last week, the Baltic Dry Index, the dry bulk market’s benchmark has returned to its usual pat ...


Wednesday, 18 May 11
THE US COAL INDUSTRY LOGGED EXPORTS OF AROUND 25M TONNES IN 1Q OF 2011 - BRS
Another slow decline in the bulk markets this week, with the BCI losing the most at nearly 5%, the BPI 2.8% and the smaller sizes sub-1% amounts. Th ...


Wednesday, 18 May 11
AKR AIMS TO SELL COAL WORTH RP216 BILLION - PAPER
Bisnis Indonesia, an Indonesia's one of the leading business paper reported that, PT AKR Corporindo Tbk has targeted coal sales valued at Rp216 bil ...


Wednesday, 18 May 11
OVERHAUL OF MINING LAW MAY DETER INVESTMENT, S&P SAYS - THE JAKARTA GLOBE
The Jakarta Globe, an Indonesian English language news paper reported that, A report by Standard & Poor’s Ratings Services that a regulatory ...


Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...


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