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Thursday, 03 August 17
BUMI RESOURCES COAL SALES RELATIVELY FLAT AT 41.5 MILLION TONS IN 1H' 17; REPORTS US$162.3 MILLION PROFIT IN FIRST SEMESTER
 COALspot.com: The BUMI Resources, Indonesia’s one of the largest coal producer, has reported a net income of $162.3 million in 1H’ 17 compared with a corresponding loss of $20.8 million in 1H’16, or a positive profit swing by $183.1 million, year on year.
- Bumi Reports US$162.3 Million Profit In First Semester
- Positive Profit Swing By US$183.1 Million Yoy
- Consolidated Revenue Increases To US$ 2,344 Million
- Coal Price 37.6% Higher
According to the BUMI’s performance report for the period 1H’ 17, in FY'16, the Company turned around to a net attributable income of $67.7 million.
1H'17 financial highlights on full consolidation basis (including 100% KPC & Arutmin)
- Sales Revenue is $2,344 million
- Operating Income is $473 million
- Profit Before Tax is $545 million
- Consolidated Net Income is $248.1 million in 1H17
- Net Income (after adjustment for noncontrolling interest) is $162.3 million compared with a loss of $20.8 million in 1H16, or a positive profit swing by $183.1 million.
The company further noted that the consolidated numbers are internal estimates of the Company, subject to reconciliation processes.
- Coal mined was higher by 0.9% at 40.2 million tons in 1H'17
- Coal sales relatively flat at 41.5 million tons in 1H'17 compared with 1H'16
- Combined Strip Ratio reduced by 4.5% to 7.2 in 1H'17
However, the company noted that the coal Price increased to $54.8/ton in 1H17 compared with $39.8/ton in 1H16 – or an increase by 37.6%. In 2Q17 the realized Coal Price was $55.8/ton compared with $39.7/ton in 1H16 or an increase by 40.3%. The increase in Coal Price by $15/ton Y/Y resulted in Sales Revenue in $2,344 million in 1H17 – several times higher Y/Y.
The company forecasted that the Coal prices continuing rise and this augurs well for prospects of the Company for the rest of the year.
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Wednesday, 17 May 17
THE CHINESE IMPORTS ARE A BAROMETER FOR VESSEL UTILIZATION - INTERMODAL
According to economic data, China imports increased year-on-year 38% in February, 20% in March – which is approximately US$160-170b - w ...
Monday, 15 May 17
THE PORT OF NEWCASTLE HAS SHIPPED 0.99 PERCENT LESS COAL IN APRIL 2017
COALspot.com: The Port of Newcastle, Australia’s major trading ports, and the world’s largest coal export ports has shipped $AU 1,636.2 ...
Monday, 15 May 17
THE CAPESIZE INDEX ROSE SIGNIFICANTLY THIS PAST WEEK COMPARED TO PREVIOUS WEEK
COALspot.com: The Freight market slightly up this past week, as BDI and Cape shows a positive trend week over week.
The Baltic Exchange, track ...
Friday, 12 May 17
U.S. COAL PRODUCTION DOWN AGAIN WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 13.3 million short tons ...
Friday, 12 May 17
SLOW AND UNEVENTFUL WEEK FOR THE PANAMAX MARKET
Supramax
In the Atlantic, only USG were showing some improvement, where pet-coke cargoes to India was fixed in the range of 19-23k daily and to C ...
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Showing 2046 to 2050 news of total 6871 |
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- Parliament of New Zealand
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- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
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- Sical Logistics Limited - India
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- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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- Africa Commodities Group - South Africa
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- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
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- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
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- Sarangani Energy Corporation, Philippines
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- Australian Coal Association
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- London Commodity Brokers - England
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- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- MS Steel International - UAE
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
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- Borneo Indobara - Indonesia
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- ASAPP Information Group - India
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- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
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- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
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- Port Waratah Coal Services - Australia
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- Economic Council, Georgia
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- Independent Power Producers Association of India
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- Australian Commodity Traders Exchange
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- Kobexindo Tractors - Indoneisa
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