ID :
14143
Mon, 07/28/2008 - 20:46
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Shortlink :
http://m.oananews.org//node/14143
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BUKIT ASAM'S H1 PROFIT JUMPS 135 PCT
Jakarta, July 28 (ANTARA) - Publicly-listed coal mining company PT Tambang Batubara Bukit Asam Tbk said on Monday its net profit in the first half of 2008 jumped 135 percent to Rp710.35 billion from Rp302.22 billion a year earlier.
"The net profit hike was fueled by a significant rise in average coal prices at home and abroad," the company's investor relation officer, Nurtimah Tobing said.
The weighted average coal selling price in the export market in the first half of this year jumped 40 percent to US$63.63 a ton compared to US$45.44 a ton in the same period last year, she said.
Meanwhile, the weighted average coal selling price in the domestic market rose 30 percent to Rp435,926 a ton, she said.
The rise in selling price boosted the first-semester sales to grow 58 percent to Rp2.888 trillion and operating profit 163 percent to Rp959.459 billion from a year earlier, she said.
She said sale volume rose to 5.85 million tons in the first half this year from 5.07 million tons in the same period last year.
Nearly 63 percent of the company's coal output was marketed at home and the remaining 37 percent exported, she said.
The company had set itself the target of selling 13 million tons of coal this year, up 20 percent from the previous year.
"The net profit hike was fueled by a significant rise in average coal prices at home and abroad," the company's investor relation officer, Nurtimah Tobing said.
The weighted average coal selling price in the export market in the first half of this year jumped 40 percent to US$63.63 a ton compared to US$45.44 a ton in the same period last year, she said.
Meanwhile, the weighted average coal selling price in the domestic market rose 30 percent to Rp435,926 a ton, she said.
The rise in selling price boosted the first-semester sales to grow 58 percent to Rp2.888 trillion and operating profit 163 percent to Rp959.459 billion from a year earlier, she said.
She said sale volume rose to 5.85 million tons in the first half this year from 5.07 million tons in the same period last year.
Nearly 63 percent of the company's coal output was marketed at home and the remaining 37 percent exported, she said.
The company had set itself the target of selling 13 million tons of coal this year, up 20 percent from the previous year.
