Adaro Distributes Final Dividend 43.98% of Net Income, the Highest Payout since IPO

April 20, 2011, 11:32 am | Admin

PT Adaro Energy Tbk (The Company) (IDX : ADRO) held its Annual General Meeting of Shareholders (AGMS) and Extraordinary General
Meeting of Shareholders (EGMS) today at the Ritz-Carlton Hotel, Mega Kuningan, in Jakarta. The AGMS and EGMS were attended by the Company’s shareholders and achieved the quorum required by prevailing laws and regulations.

During the AGMS the shareholders approved the annual report for the year ended December 31st, 2010. Shareholders also ratified the Consolidated Financial Statements for the year ended December 31st, 2010. Despite the record setting high volume of rainfall and number of raindays, Adaro’s production volume increased 4% to 42.2 million tones in 2010, with 2.5 million tones coming from the new Wara pit, and sales volume increased to 43.84 million tones. Adaro has generated a solid industry topping EBITDA margin of 33% and EBITDA of US$884 million. Furthermore, total assets were recorded at Rp40.60 trillion, while total liabilities declined 12% to Rp21.97 trillion. Shareholders’ Equity increased 6% to Rp18.58 trillion due to the increase of unappropriated retained earnings. Adaro’s balance sheet as at end of December 31st, 2010 remained strong as Adaro continued to optimize its capital structure and maintain flexible liquidity.

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, 11:33 am | 1462