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Tuesday, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES


Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net profit last year, a 50% jump from 2010's figure of Rp2 trillion (approximately US$ 223,713,646).

Bukit Asam's revenue is calculated to reach Rp11 trillion (approxiamtely US$ 1,230,425,055), a 39.24% jump from 2010's position at Rp7.9 trillion (approximately US$ 883,668,903).

President Director Milawarma, as quoted by Kontan daily, said the steep increase last year was underpinned by higher coal sales volume and sales price. Bukit Asam sold 12.09 million tons last year, a 4.6% increase from a year earlier.

Bukit Asam targets to sell 18.6 million tons of coal this year. "We estimate the sales price to rise by 5%-10% this year." The company will boost its production to 16.3 million tons this year, a 34.82% increase from last year.
Source: Insider Stories



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Saturday, 14 January 12
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Friday, 13 January 12
DIFFICULT START OF 2012 FOR DRY BULK MARKET SEEN HARD TO CHANGE IN THE COURSE OF THE YEAR, UNLESS DEMOLITION PICKS UP
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Thursday, 12 January 12
DRY BULK MARKET CRASHING AT START OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept being on freefall mode yesterday, with the industry's benchmark, the BDI (Baltic Dry Index) losing a massive 5.17% on ...


Wednesday, 11 January 12
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