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Monday, 20 April 09
PT PAMAPERSADA SEES ITS REVENUE TO CLIMB BY 20% IN 2009 - STEELGURU


PT Pamapersada Nusantara, a unit of Indonesia's PT United Tractors, said that its 2009 profit will be similar to last year, even as it forecasts revenue to climb 20% as it mines more coal for its customers.

Mr Dwi Priyadi VP of PT Pamapersada said that it projects revenue to climb to IDR 18 trillion in 2009 from IDR 15 trillion in 2008, while rising costs mean net profit will probably be similar to last year's IDR 1.4 trillion.

He said that it may mine 65 million tonnes of coal in 2009 for its customers, including PT Kideco Jaya Agung, PT Tambang Batubara Bukit Asam and PT Kaltim Prima Coal as compared with 59 million tonnes in 2008. He added that it will produce 3.5 million tonnes of coal from its own mine.

Mr Priyadi said that to add production capability, it plans to allocate USD 350 million in capital spending this year, mostly to buy heavy equipments.
Source:http://steelguru.com/news/index/2009/04/17/OTA2MDA%3D/PT_Pamapersada_sees_its_revenue_to_climb_by_20%2525_in_2009.html



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