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Thursday, 01 August 19
INDIKA ENERGY REVENUES DECLINE DUE TO LOW COAL PRICES
.jpg) One of the largest Indonesian integrated energy companies PT Indika Energy Tbk posted revenues of US $ 1,380.4 million, down 4.6% compared to US $ 1,447.2 million in the same period the previous year.
According to Warta Ekonomi, Arsjad Rasjid, Indika Energy's President Director, said that the main factor was the decline of PT Kideco Jaya Agung income, which amounted to US $ 810 million in the first six months of 2019 compared to US $ 938.8 million in the first semester of 2018, due to weakening of International coal prices.
He further said, the Company's coal sales volume, through Kideco and PT Multi Tambangjaya Utama (MUTU), increased by 556 thousand tons. for the period January to June 2019. Kideco sold 17.5 million tons of coal, an increase of 200 thousand tons year on year. While MUTU sold 764 thousand tons of coal, an increase of 356 thousand tons compared to the first semester of 2018, the report says.
"The performance of the first semester of 2019 reflects our focus on optimizing performance amid the current coal market conditions and global economic pressures," he said, in an official statement in Jakarta on Wednesday (07/31/2019) said Warta Ekonomi.
Where, the Company's gross profit in the first half of 2019 decreased 37.7% to US $ 235.4 million compared to US $ 377.7 million in the same period in 2018. Operating Income decreased to US $ 163.7 million compared to US $ 312 , 1 million in H1 2018.
"The downward trend in coal prices that occurred since last year has an impact on the Company's Financial Report. "We always focus on maintaining production efficiency, controlling operational costs, and optimizing synergies between the Company's business units," he concluded.
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Wednesday, 06 February 19
THE BDI HAS EASED BACK TO 645 BP, ITS LOWEST LEVEL SINCE AUGUST 2016 - ALLIED
The dry bulk sector is in the doldrums, with most market participants seemingly left utterly perplexed, and simultaneously, in pursuit of any posit ...
Monday, 04 February 19
COAL STILL IN HIGH DEMAND GLOBALLY
Although the world is switching to renewable energy there is still a big demand for coal around the globe.
This is according to Cany ...
Friday, 01 February 19
ULTRAMAX WAS FIXED DELIVERY KALIMANTAN, FOR TRIP TO WEST COAST INDIA AT $7,000 - BALTIC BRIEFING
Capesize
The Vale dam tragedy sparked a sharp fall in rates across all regions even where tonnage remained tight. The potential loss of product ...
Friday, 01 February 19
SEMBCORP SELECTS NORDEN FOR LONG-TERM INDIAN CONTRACT
NORDEN A/S has signed a 10-year Panamax Contract of Affreightment (COA) with Indian utility firm Sembcorp Energy India Ltd.
From 1 A ...
Tuesday, 29 January 19
HARD COAL BEARS THE BRUNT OF THE RECOMMENDATIONS OF THE COMMISSION GROWTH STRUCTURAL CHANGE AND EMPLOYMENT - VDKI
Press Release: Hard coal bears the brunt of the recommendations of the Commission Growth Structural change and employment.
In its fi ...
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- Asmin Koalindo Tuhup - Indonesia
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- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
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- Straits Asia Resources Limited - Singapore
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- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
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- Planning Commission, India
- IEA Clean Coal Centre - UK
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- Mintek Dendrill Indonesia
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- Sical Logistics Limited - India
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- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
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- Parliament of New Zealand
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- Kepco SPC Power Corporation, Philippines
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- LBH Netherlands Bv - Netherlands
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- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
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- Oldendorff Carriers - Singapore
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- Cement Manufacturers Association - India
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- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Economic Council, Georgia
- Petron Corporation, Philippines
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- International Coal Ventures Pvt Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
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- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
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- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
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- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
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- Pendopo Energi Batubara - Indonesia
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- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
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- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Deloitte Consulting - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
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- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
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- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
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