Feb 7, 2011

Timah FY10 net income jumps 155.76%

The state-owned tin miner PT Timah Tbk (TINS) estimates to post Rp802.44 billion net income in 2010, a 155.76% jump from Rp313.75 billion in the previous year.
Timah President Director Wachid Usman said the company calculates to book Rp8.29 trillion revenue from Rp7.71 trillion. The hike was underpinned by the increase of tin average price at US$19,500 per metric ton from US$16,000 per metric ton.
Timah reportly produced 40,413 metric tons of tin last year export of 40,302 metric tons. Sales volume reached 40,302 metric tons from 40,413 metric tons.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: