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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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Monday, 07 November 16
HANDYSIZE: THE ASIAN INDICES RECORDED A GRADUAL DROP EVERY DAY - THE BALTIC BRIEFING
Capesize
A rumour-fuelled market this week but essentially rates a touch firmer and owners cautiously optimistic. The flotilla of vessels heading ...
Monday, 07 November 16
THE SUPRAMAX CHARTER RATES FOR INDONESIA TO INDIA WERE RATING AT AROUND $7500-8000 A DAY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose slightly and ending in a positive note this past wee ...
Friday, 04 November 16
U.S COAL PRODUCTION UP WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tons ...
Friday, 04 November 16
INDONESIAN INFRASTRUCTURE DEVELOPMENT TRENDS ARE UNANIMOUSLY AFFIRMED
Press Release: October 20-21, 2016 Indonesia Infrastructure Summit (IIC) opened at the Hyatt Hotel in Jakarta The theme of the meeting was "Pr ...
Thursday, 03 November 16
THE INDEX BASED COAL SALES & PURCHASE STRATEGY MAKES MORE EFFICIENT, SAYS 55.17% END-USERS
Considering the current coal market condition, the Index based coal sales & purchase strategy make more efficient was deemed the winner by 57.0 ...
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Showing 2226 to 2230 news of total 6871 |
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- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
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- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
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- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
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- San Jose City I Power Corp, Philippines
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- Eastern Coal Council - USA
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- Sarangani Energy Corporation, Philippines
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- Siam City Cement - Thailand
- Posco Energy - South Korea
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- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
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- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
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- Holcim Trading Pte Ltd - Singapore
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
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- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
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- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
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- Africa Commodities Group - South Africa
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- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
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- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
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- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
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- New Zealand Coal & Carbon
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- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
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- White Energy Company Limited
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- SMC Global Power, Philippines
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- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Bharathi Cement Corporation - India
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- Sindya Power Generating Company Private Ltd
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- Standard Chartered Bank - UAE
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- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
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- European Bulk Services B.V. - Netherlands
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- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
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- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
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- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
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- Planning Commission, India
- Romanian Commodities Exchange
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Eastern Energy - Thailand
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- Indian Oil Corporation Limited
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- Energy Link Ltd, New Zealand
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- Commonwealth Bank - Australia
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- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
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- Economic Council, Georgia
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- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
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