Mar 6, 2012

Bukit Asam FY11 net profit soars 53%

The state controlled coal miner PT Bukit Asam Tbk (PTBA) today reported a 53.73% jump in net profit last year (FY2011) on the back of robust growth in sales.
As published in the financial statement today, Bukit Asam booked Rp3.09 trillion net profit last year from Rp2.01 trillion a year earlier.
Gross profit rose 44.66% to Rp5.28 trillion from Rp3.65 trillion, sending a higher margin to nearly 50% from 46.14% in the previous year.
Bukit Asam's consolidated sales increased 33.75% to Rp10.58 trillion from Rp7.91 trillion.
Disclosure: No position at the stock mentioned above.  

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