Bukit Asam expects Rp 200b profit
Business and Investment - November 05, 2003
JAKARTA: Publicly listed state-owned coal mining firm PT Bukit Asam expects its net profit to reach over Rp 200 billion (US$22.185 million) by the end of this year.
"The average selling price is good, while sales volume is also increasing," said company president director Ismet Harmaini on the sidelines of the state-owned companies (BUMN) working meeting on Tuesday.
He mentioned that the price of coal on the domestic market now stood at about $23.4 per ton while the international price was $26.8 per ton.
Ismet also targeted the firm's production to reach 10.2 million tons by the end of this year. However, he said production would be flat next year as the firm had reached the maximum limit of its transportation capacity. -- JP
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