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Wednesday, 03 August 11
DEWA RETURNS TO US$2.65 MIO NET PROFIT - INSIDER STORIES
Coal mining contractor PT Darma Henwa Tbk (DEWA), that most of its revenue is contributed by Kaltim Prima Coal and Arutmin Indonesia, returned to net profit of US$2.65 million in the first half of this year, a 180.79% jump from US$3.28 million net loss a year earlier, as reported by Insider Stories today.
DEWA's net profit was underpinned by higher revenue, especially contributed by Kaltim Prima Coal, Arutmin Indonesia, and Glencore Coal Mauritius Ltd.
DEWA also returned to operating profit of US$10.76 million in 1H 2011 from US$3.19 million net loss in 1H 2010. Revenue rose 41.78% to US$147.62 million from US$104.12 million.
Insider fiurther said, the biggest contributor for Darma Henwa's revenue was KPC with US$83.43 million revenue, a 16.88% increase from US$71.38 million.
Arutmin contributed a 142.28% rise in revenue to US$34.50 million from US$14.24 million, while Glencore contributed US$29.69 million revenue from US$17.78 million.
Source: Insider Stories
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Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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