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Wednesday, 20 May 15
BUKIT ASAM'S AVERAGE EXPORT PRICE WAS UNDER PRESSURE DURING Q1
Bukit Asam logoCOALspot.com: Indonesia’s state owned coal producer saw their profits fall in the first quarter of the year compared to the same period last year as prices remained under pressure. PT Bukit Asam (Persero) Tbk, Indonesia's state owned coal miner has announced its consolidated Financial Statements as of March 31 2015, on 29 April 2015.

According to the financial statement, the sales volume of the company from January to March 2015 has reached 4.57 Mt or up 9% compared to the same period last year. Meantime, the export volume of the company has increased 17% YoY to 2.40 Mt, while domestic supplies increased 1% to 2.17 Mt, compared to last year of 2.15 Mt.

The statement further says that, the average export price of PTBA coal in Q1 has dropped to US$ 63.69 per ton compared to US$ 73.88 per ton for the same period last year. In terms of the average selling price of coal for domestic market was at Rp.700,847 (approximately US$ 53.16) per ton during Q1’ 2015 or fell around 4% YoY. PTBA has also produced and purchased 3.70 million Mt coal in Q1, or less 2% YoY.

PT Bukit Asam’s Q1 net profit recorded at Rp 340.33 billion (approximately US$ 25,815,823) compared to Rp 536.30 billion (approximately US$ 40,677,477) for the same period last year.


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