Atlas Resources FY11 profit up 150%

Coal miner PT Atlas Resources Tbk (ARII), that is owned by Andre Abdi, reported a 150.75% jump in net profit last year on the back of strong growth in operational.

Atlas posted Rp33.40 billion net profit last year from Rp13.32 billion in the previous year. Gross profit surged 159.79% to Rp212.17 billion from Rp81.67 billion. Atlas booked a 34.74% increase in revenue to Rp799.32 billion from Rp593.22 billion.

Disclosure: No position at the stock mentioned above. 

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