Jun 23, 2011

Berau eyeing 70% growth in EBITDA

Indonesia's coal producer PT Berau Coal Energy Tbk (BRAU) is eyeing a 60%-70% growth in EBITDA to US$560 million-US$595 million this year. The target is in line with production target of 20.3 million tons, a 17.34% increase from 17.38 million tons.
President Director Rosan P. Roeslani said the EBITDA will be underpinned by higher coal's average selling price (ASP) as well.
The ASP this year is estimated to increase 21.31% to US$74 per ton from US$61 per ton last year. "Sales may up 30% from last year, driving higher EBITDA of 60%-70%."

Disclosure: No position at the stock mentioned above.

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