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Kamis, 10 Maret 2011

Bukit Asam Net Profit Drops 26% - The Indonesia Today

Coal miner PT Tambang Batubara Bukit Asam (PTBA) Tbk booked net profit of Rp2 trillion last year, dropped 26% from 2009 on lower sales revenue.

Bukit Asam reported sales revenue of Rp7.9 trillion last year, declined 11.6% from 2009, while its operating profit slashed 35% to Rp2.3 trillion.

Asam's cost of goods sold increased slightly by 3.75% to Rp4.26 trillion, resulting in 24% drop of gross profit to Rp3.65 trillion. Bukit Asam produced about 14 million tons of coal last year.

As at December 31, 2010, Bukit Asam had total assets of Rp8.72 trillion and total equity of Rp6.36 trillion. The stock closed at Rp20,300 Wednesday (March 9). At that price, Bukit Asam currently has market capitalization of Rp46.77 trillion.
Posted by Saham Pilihan at 09.21

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