Aug 10, 2011

Indo Tambang 1H net profit soars 53.09%

Coal miner PT Indo Tambangraya Megah Tbk (ITMG) today reported a 53.09% jump in net profit for the first 6 months of this year on the back of higher net sales.
Indo Tambang, a subsidiary of Thai Banpu Plc, booked US$205.33 million in 1H 2011 from US$134.12 million in 1H 2010. Operating profit increased 34.44% to US$268.29 million from US$199.56 million. Net sales rose 19.05% to US$970.31 million from US$815.07 million.
Disclosure: No position at the stock mentioned above.

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