1Q11 Adaro Energy’s Net Revenue Increased 12% to US$757 Million Supported by Higher Realised Price

April 29, 2011, 11:31 am | Admin

PT Adaro Energy Tbk (IDX – ADRO) is pleased to announce unaudited consolidated net revenue for three-months period ended March 31, 2011 increased 11.7% to a record US$757.2 million due to a 16.3% higher average selling price. Profit increased despite the 6.8% and 4.8% decline in production and sales volumes respectively, to 10.59 million tonnes and 10.91 million tonnes, compared to the corresponding period in 2010.

Starting from 2011 onwards, Adaro Energy will report its financial statements and notes in US Dollar (US$) to minimize the foreign exchange translation effect considering all of Adaro Energy’s operating subsidiaries report their accounts in US$ as most of their income, costs and debt are denominated in US$.

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, 11:32 am | 1500