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Kamis, 14 Juli 2011

Bukit Asam 1H coal sales up 44% - Insider Stories

The state-controlled PT Tambang Batubara Bukit Asam Tbk (PTBA) is estimated to post 6.5 million tons of coal sales in the first half of this year, a 44.4% increase from 4.5 million tons a year ago.

In line with the sales growth, the company's revenue may surpass Rp5 trillion in 1H 2011, a 31.93% increase from Rp3.79 trillion in 1H 2010.
President Director Sukrisno said the company may book Rp1.5 trillion net profit, a steep jump of 65.18% from Rp908.11 billion.

As a result, he is optimistic that Bukit Asam may reach its net profit target of Rp3 trillion by end of the year from 2.01 trillion last year. "Revenue is targeted to reach Rp11 trillion."

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