May 3, 2012

Darma Henwa suffers US$2.81 mio net loss

Coal mining contractor PT Darma Henwa Tbk (DEWA) suffered a US$2.81 million net loss in the first quarter of this year, a reversal from net profit of US$7.82 million in 1Q 2011.
Darma Henwa, a subsidiary of coal miner PT Bumi Resources Tbk (BUMI), also reported a US$4.45 million operating loss from operating profit of US$13.83 million on the back of a 44.40% increase in cost of goods sold to US$80.13 million from US$55.49 million. Revenue slightly increased 9.16% to US$75.67 million from US$69.32 million. 

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: