Market Flash: iSHARES MSCI Indonesia Investable Market Index Fund (EIDO:US) PRICE: 28.530 USD Down -0.360 (-1.246%) >>> BI: Rupiah Melemah Akibat Kondisi Eropa >>> Pertemuan FED pertimbangkan langkah baru dorong ekonomi >>> KIJA akan Terbitkan MEN Valas USD150 Juta >>> PT Indika Energy Perusahaan Teladan Dunia 2011 >>> Govt Promises Revision of Cost Recovery Regulation >>> BPMigas Demands PGN to Pay US$6 per MMBTU >>> Jababeka to Raise US$150 Million from Debt Markets >>> SCG Chemicals buys Chandra Asri >>> Solusi Tunas eyes Rp380 bio IPO >>> SMR Utama scouts Rp300 bio IPO >>> Alam Sutera picks two bond arrangers >>> ASII Tetap Rajai Penjualan Mobil Agustus 2011 >>> Perusahaan Thailand kuasai Saham TPIA senilai Rp 3,76 Triliun >>> Agis Main ke Tambang, Sahamnya Masuk Dalam Pengawasan >>> ACES Mendekati The Northern Agar Mau Kurangi Kepemilikan >>> IHSG masih harus berjuang terus bertahan diatas MA200 >>> Melirik Peluang Akumulasi di Saham Perbankan >>> Analisa Saham BUMI: Kuat Bertahan & Berpeluang Kembali Uptrend >>> Analisa Saham JSMR: Bertahan Di Support, What Next? >>> INDF Tertahan Di Area Support Kuat, Berpeluang Rebound >>> ASII Break Minor Support, Sell on Strength >>> ADRO Membentuk Descending Wedges, Berpeluang Rebound Terbatas >>> Wall Street ends flat as early gains evaporate >>> Fed begins policy meeting, tiptoes toward easing >>> Fed meeting to help decide on long-term Treasuries >>> Greece Makes 'Good Progress' in Reform Talks: EC >>> China worried Europe debt crisis will hit trade >>> China could roll out 4.65tr yuan stimulus package >>> IMF sees Mideast stagnation >>> NYMEX-Crude ends higher at Oct contract expiry >>> Asian Crude Palm Oil Up On Technical Buying, Soyoil >>> Foreign net Sell - 61.785.746

Kamis, 23 Juni 2011

PT Bumi Resources Tbk | First Quarter 2011 - Financial - Company Release

TO OUR VALUED INVESTMENT FRATERNITY

Attached is a Media Release on the Q1'11 financials of PT Bumi Resources Tbk. for your information.

There has been a change in reporting as 3 new PSAK's as per Indonesian GAAP and 2 new management policies have been implemented on 1 January 2011. Your attention is drawn to the enclosures which describe the changes, their impact on the books of Q1'10 and a comparison of old and new GAAP of Q1'11 vs Q1'10 numbers for benefit of stakeholders.

A gain of $ 36m was reversed in Q1'11 as we terminated the stake sale in Gallo Oil because of the instability in Yemen ; otherwise, the net income would be higher.

Operationally, the Q1'11 performance has been sound in spite of wet weather. Sales of 14 tons were achieved at a record - breaking price of $ 87.6/ton. (vs $ 62.75/ton in Q1'10) .This is 39.6% higher yoy.

We expect to exceed sales of 15m tons in Q2'11 at forecast $ 90/ton. For the present, we retain guidance of 66m tons in FY2011 but raise our full year average price guidance to $ 90/ton fob (from earlier $ 77/ton).

Bumi expects to deleverage by a further $800 m over 2011 and targets to prepay CIC's tranche I of $ 600m, in Oct'11, (2 years early).


Regards,
__________________________________________________________________
Dileep Srivastava
Director & Corporate Secretary
PT Bumi Resources Tbk.
Bakrie Tower, 11th Floor
Kompleks Rasuna Epicentrum
Jl. H.R. Rasuna Said
Jakarta 12960
Indonesia

Tel : +62 21 57942080
Fx : +62 21 57942070

Tidak ada komentar:

Poskan Komentar