Mar 27, 2012
Bumi, Berau FY11 coal sales up 4% & 16%
PT Bumi Resources Tbk (BUMI) and PT Berau Coal Energy Tbk (BRAU) reported a 4.45% and 16.96% increase in coal sales last year.
Bumi sold 63.4 million tons last year from 60.7 million tons, while Berau Coal posted 20 million tons from 17.1 million tons.
Bumi's coal production slightly increased 9.11% to 65.9 million tons from 60.4 million tons. Berau's coal production rose 11.49% to 19.4 million tons from 17.4 million tons.
Bumi's FOB average selling price rose 31.78% to US$93.3 per ton from US$70.8 per ton, while Berau's FOB average selling price increased 36.58% to US$81.4 from US$59.6.
Disclosure: No position at the stock mentioned above.
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