Oct 25, 2010

Dayaindo eyes Rp1 trio revenue

PT Dayaindo Resources International Tbk may record Rp1 trillion revenue through the third quarter of 2010, following its partnership with Agritrade International Pte Ltd, a Singapore-based coal trading company.
“Our revenue may be more than IDR1 trillion, but I could not mention the exact number yet. Partnership with Agritrade helps us to export coal to China, which has been difficult to infiltrate,” Vice President of Finance Dayaindo Resources Heriman said.
He could not mention further the net profit recorded by the company at the same period, as the financial report is still being composed.
According to Heriman, the revenue is predicted to rise at least by 58.26% from the second quarter of 2010 at Rp631.87 billion.
The predicted revenue also jumped 719.51% from Rp122.02 billion, which was booked in the third quarter of 2009. In the second quarter of 2010, the company recorded Rp13.77 billion net profit, making the profit margin at 2.18%.

Disclosure: No position at the stock mentioned above.
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