Coal mining company PT Berau Coal Energy Tbk (BRAU), that is 85% owned by London-listed company Bumi Plc, estimates an annualized sales of US$1.61 billion by end of this year, a nearly 52% increase from realized last year of US$1.06 billion.
Following the figure, Berau Coal's gross profit is estimated to surge 80.22% to an annualized of US$665 million this year from US$369 million last year.
An annualized EBITDA is estimated to US$589 million this year, a 71.09% increase from US$339 million last year.
Coal sales volume is estimated to reach 20 million tons this year from 17.1 million tons in 2010 and 14.1 million tons in 2009. Overburden removal is estimated to have an annualized of 182.8 million bank cubic meter from 142.3 million bcm.
Berau Coal operates three mines, Lati, Binungan, and Sambarata, while three other mines Kelay, Gurimbang, and Punan are in exploration stages.
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