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Sunday, 01 November 09
INDONESIA ADARO Q3 NET PROFIT JUMPS ON COAL DEMAND
* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah
Reuters reported that, Indonesia's largest coal producer by market value PT Adaro Energy Tbk posted a 131.6 percent increase in its third quarter net profit, based on Reuters calculations, amid increasing coal demand for both exports and domestic use.
Adaro, which has a market capitalisation of $5.14 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and Indonesian state electricity firm Perusahaan Listrik Negara (PLN). Exports account for more than 70 percent of its sales. The firm had said that the demand for its coal strengthened at the end of June and expected the trend to continue until the end of the year with increasing sales to Asian customers.
Adaro posted a 58.9 percent increase of coal exports and 55.7 percent increase of domestic coal sales in the July-September period. Its net profit grew 131.6 percent to 1.27 trillion rupiah from 546.5 billion rupiah a year ago, while the revenue jumped 56.8 percent to 7.12 trillion rupiah.
The figures were based on Reuters calculations from the nine-months and first-half earnings published by the company. Adaro aims to produce 42-45 million tonnes of coal this year, up from 38.5 million tonnes in 2008, and to raise production to 80 million tonnes per year in the next five years. With higher sales volume, Adaro has forecast double-digit growth in revenue and net profit this year. Shares in Adaro closed at 1,540 rupiah on Friday.($1 = 9,540 rupiah)
Source: Reuters
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Thursday, 13 May 10
CHINA CONCERNS TO TEST RAW MINERALS - THE AUSTRALIAN
The Australian reported that, COMMODITY prices will remain volatile and drop from recent highs as China's appetite for raw materials softens. James ...
Thursday, 13 May 10
ACTIVITY ON WEST COAST INDIA IS SLOWING - FEARNLEYS AS
DRY BULK CHARTERING
Handy
Atlantic markets remain firm but more for end May/beg June dates as there seems to be more enquiries for those dates. ...
Thursday, 13 May 10
DRY BULK SHIP OWNERS CHEERFUL AMID MARKET RALLY
China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, hel ...
Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The ...
Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in Apri ...
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- Bharathi Cement Corporation - India
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- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
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- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
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- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
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- Global Coal Blending Company Limited - Australia
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- Edison Trading Spa - Italy
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- Singapore Mercantile Exchange
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- Planning Commission, India
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- Rashtriya Ispat Nigam Limited - India
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- Bahari Cakrawala Sebuku - Indonesia
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- Australian Coal Association
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- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
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- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
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- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
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- Bayan Resources Tbk. - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
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- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
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- Petron Corporation, Philippines
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
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- Wood Mackenzie - Singapore
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- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- The Treasury - Australian Government
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- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
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- Economic Council, Georgia
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- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
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- Tamil Nadu electricity Board
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- White Energy Company Limited
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- Star Paper Mills Limited - India
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- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Gujarat Mineral Development Corp Ltd - India
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