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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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