Nov 30, 2010

Darma Henwa falls into operating loss

Coal mining contractor PT Darma Henwa Tbk (DEWA), subsidiary of PT Bumi Resources Tbk via PT Bumi Resources Investment, suffered US$14.89 million operating loss, a 250.86% plunge from US$9.87 million operating profit in the first 9 months ended September 30 2010.
In the financial statement submitted to Indonesia Stock Exchange (IDX) today, the drop was mainly spurred by a 17.85% increase in operating expenses, while revenue slightly rose 0.24% to US$151.05 million from US$150.68 million.
Darma Henwa also fell into net loss of US$13.41 million, a 4,638% drop from US$295,513 net income. 

Disclosure: No position at the stock mentioned above. 

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