Adaro Energy’s Net Income More than Doubles to a Record US$268 Million in First Half 2011

January 15, 2011, 11:24 am | Admin

PT Adaro Energy Tbk (IDX: ADRO) is pleased to announce that consolidated auditor-reviewed net income for the first-half ended June 30th 2011 rose two-fold to a record US$268 million. Our first-half basic earnings per share (EPS) increased 104% to US$0.0084. The strong net income was bolstered by higher production volume combined with higher average selling price, despite an increase in the cost of revenue. Our net revenue increased 36% to US$1.8 billion, while cost of revenue increased at a lesser rate of 34% to US$1.2 billion.

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, 12:29 pm | 1103