PT Delta Dunia Makmur Tbk (DOID) today finally reports 2009 financial performance. Parent company of PT Bukit Makmur Mandiri Utama (BUMA) suffered Rp160.11 billion of net loss last year, ballooning 1,527% from the previous year of Rp9.84 billion of net loss.
In a public announcement today, Delta Makmur's operating profit elevated 26,703% from Rp4.61 billion in 2008 to Rp1.24 trillion last year as a result of acquisition of majority interest of Indonesia's second largest coal mining contractor BUMA last year.Revenue soared 66,190% from Rp9.58 billion in 2008 to Rp6.35 trillion last year.
As of September last year, BUMA posted Rp3.79 trillion of net revenue and Rp704 billion of net profit, growing 20.6% and 67% respectively compared to the same period in 2008.
Coal production slightly rose 2.7% to 23.1 million tons by the end of September last year compared to the same period 2008, while overburden removal grew 24% YoY to 206.3 million bank cubic meter. Debt to equity ratio steeply feel from 1.9x to 1x while net cash flow remained intact.
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