Adaro Energy’s Net Income Surges 96.5% to a Record US$376 Million

October 31, 2011, 11:10 am | Admin

PT Adaro Energy Tbk (IDX: ADRO) is pleased to announce that consolidated unaudited net income for the nine months ended September 30th 2011 nearly doubled to a record US$376 million. Our nine month 2011 (9M11) basic earnings per share increased 97% to US$0.01176. Net income benefited from production volume growth and robust average selling price (ASP), as well as cost discipline. Our net revenue increased 48% year over year (y-o-y) to US$2.9 billion while gross profit margins improved to 34.4% from 31.8% over the same period.

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, 11:12 am | 633