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Thursday, 27 October 11
BUKIT ASAM 3Q PROFIT SURGES 66.91%


Insider Stories reported that, the state-controlled coal miner PT Bukit Asam Tbk (PTBA) experienced a 66.91% increase in its net profit during a period ended September this year as a result of higher sales and profitability.

In a financial statement published today, Bukit Asam booked Rp2.32 trillion earning in 3Q 2011 from Rp1.38 trillion in 3Q 2010.

Operating profit rose 75.46% to Rp2.86 trillion from Rp1.63 trillion, representing a rise in the company's margin to 36.90% from 27.63%.

Gross profit increased 50.76% to Rp3.98 trillion from Rp2.64 trillion. Bukit Asam came with a consolidated sales of Rp7.75 trillion from Rp5.90 trillion, showing a 31.36% growth.
Source: Insider Stories



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Recent News

Tuesday, 01 November 11
ATLAS RESOURCES SETS IPO AT RP1,500 - INSIDER STORIES
Insider Stories reported that, coal miner PT Atlas Resources Tbk has set its initial public offering (IPO) at Rp1,500 (approximately US$ 0.169) per ...


Tuesday, 01 November 11
DRY BULK MARKETS CORRECTION SPILLS OVER ONTO NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is losing steam, as evidenced by the falls experienced last week, which were also apparent at the beginning of the new week. A l ...


Monday, 31 October 11
CHINAS HUNGER FOR INDONESIAN COAL AT THREE YEAR-HIGH AS WINTER NEARS - JOSEPH KIRSCHKE
COALspot.com - Chinese demand for power-station coal from Indonesia has soared to its highest level in three years, as central heating plants and po ...


Saturday, 29 October 11
ATLAS RESOURCES SEALS US$95 MIO LOAN - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, has secured US$95 mill ...


Saturday, 29 October 11
INDONESIA TO INDIA FREIGHT LIKELY TO REMAIN SOFT
COALspot.com - The market continued to slow down and all segment were down this week. The biggest drop was in the Cape Index down by 8.19 pct&nbs ...


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