Aug 2, 2010

Darma Henwa in US$3.28 mio net loss

Coal minining contractor PT Darma Henwa Tbk (DEWA) suffered a net loss pf US$3.28 million in the first half this year, worsening from net profit of US$221,274 during the first 6 months last year. In the financial report submitted to Indonesia Stock Exchange (IDX) today, Darma Henwa posted operating loss worth US$3.19 million in 1H 2010, a 143.82 fall from a year earlier of operating profit worth US$7.28 million.
The operating loss was because an increase of operating cost of 12.26% from US$95.59 million in 1H 2009 to US$107.31 million in 1H 2010.
The contractor's revenue increased 1.30% from US$102.87 million in 1H 2009 to US$104.12 million in 1H 2010.
Zurich Asset International Ltd controlled 18.31% stakes in Darma Henwa, Goldwave Capital Ltd holds 17.68%, and public share holders own 64.01%.

Disclosure: No position at the stock mentioned above.

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