Adaro Energy Seeks to Improve Efficiency and Preserve Its Healthy Balance Sheet: EBITDA Margin of 34.6% and Liquidity of US$1.0 Billion in 1H12

August 30, 2012, 10:47 am | Admin

T Adaro Energy Tbk (IDX: ADRO) announced today consolidated auditor-reviewed financial statements for the first half ended June 30th, 2012. Our net revenue increased 9.1% to US$1,931 million as average selling price (ASP) improved year over year (y-o-y). Our EBITDA grew 4.4% to US$667.5 million y-o-y and EBITDA margin remained robust at 34.6%. Net income declined slightly, 3.0%, to US$260.1 million, while our gross profit margin stayed relatively flat at approximately 33%. During the current commodity down cycle we continue to focus on cost control and improving operational efficiencies.

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, 10:48 am | 1819