Jan 31, 2011

Antam FY10 revenue flat at Rp8.7 trio

One of Indonesia's largest ferronickel miner PT Aneka Tambang Tbk (Antam) posted Rp8.72 trillion revenue in 2010 in line with higher nickel sales, flat from Rp8.71 trillion in 2009.
In a press statement obtained by Insider Stories tonight, the largest contributor for Antam's FY10 sales revenue remained ferronickel of Rp3.65 trillion in 2010, a 70% increase from Rp2.15 trillion in 2009.
Antam's 4Q10 sales revenue reached Rp2.99 trillion, an increase from Rp1.42 trillion in 3Q10.
The company booked 18,253 ton Ni of ferronical sales volume last year, a 29% rise from 14,191 ton Ni in the previous year. Gold sales volume fell 49% to 6,561 kg last year from 12,893 kg in the previous year. Silver and bauxite sales volume plunged 52% and 57% respectively to 41,522 kg and 191,615 wmt from 87,187kg and 445,662 wmt. 

Disclosure: No position at the stock mentioned above.  

Print This Article

No comments: