Adaro Energy Posts Net Income of US$346.5 Million Amid Challenging Coal Market

October 31, 2012, 10:45 am | Admin

PT Adaro Energy Tbk (IDX: ADRO) announced today unaudited consolidated financial statements for the nine months ended September 30, 2012 (9M12). Our net revenue decreased 5.8% year over year (y-o-y) to US$2,755 million from US$2,925 million due to decreased sales volumes from difficult market conditions. Our EBITDA and net income also declined to US$909.8 million and US$346.5 million, respectively. Overall, margins contracted but our EBITDA margin remained healthy at 33.0%. During the current commodity down turn, we continue to focus on cost control, improving operational efficiencies and maintaining a strong balance sheet.

General Media:
For further information, please contact:
Devindra Ratzarwin
Corporate Secretary
Tel: (6221) 521 1265
Fax: (6221) 5794 4685
Email: corsec@ptadaro.com

Financial Media:
For further information, please contact:
Mr. Cameron Tough
Head of Investor Relations
Tel: (6221) 521 1265
Fax: (6221) 5794 4685
Email: cameron.tough@ptadaro.com

Last modified on January 30, 2017, 10:46 am | 1664