Mar 10, 2011

Bukit Asam FY10 earning drops 26.37%

The state-owned coal miner PT Bukit Asam Tbk (PTBA) suffered a 26.37% drop in net income last year as sales fell.
In an official publication announced today, Bukit Asam recorded Rp2.01 trillion net income last year from Rp2.73 trillion.
Along with the drop, PTBA's operating profit tumbled 35.21% to Rp2.30 trillion from Rp3.55 trillion, dragging down its operating margin to 29.07% from 39.66%.
Gross profit also slashed 24.59% to Rp3.65 trillion from Rp4.84 trillion, sending its gross profit to 46.14% from 54.08%.
Sales fell 11.62% to Rp7.91 trillion from Rp8.95 trillion. 

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: