The Indonesia Today Antam Sales Revenue Flat Last Year

State miner PT Aneka Tambang (ANTM) Tbk reported sales revenue of Rp8.719 trillion last year, almost unchanged from Rp8.71 trillion in 2009. 

ANTM reported a combined 22% sales revenue growth in Q4/10 to Rp2.99 trillion, thanks mainly to the strong 72% growth of export sales, as domestic sales slashed 60% in the period.
For the whole financial year of 2010, export sales increased 25% to Rp7.03 trillion, while domestic sales slashed 46% to Rp1.69 trillion.

Ferronickel sales surged 70% to RP3.65 trillion last year, while high grade nickel ores increased 31% to Rp1.799 trillion and the low grade surged 76% to Rp562 billion. ANTM reported 29% growth in ferronickel sales volume to 18,253 tons, while average selling price surged 49% to US$10.05 per pound.

ANTM also reported 56% drop in bauxite export sales to Rp34.4 billion, while gold export sales slashed 47% to Rp849 billion. Bauxite sales volume dropped 57% to 191,615 Wmt last year.
ANTM ended lower by 3.33% to Rp2175 on Monday (Jan 31).