FY10 Adaro Energy Recorded its Second Strongest Year in History with Net Revenue of US$2.7 billion due to 4% Production Growth

March 30, 2011, 11:35 am | Admin

PT Adaro Energy Tbk (IDX: ADRO) today announced that consolidated audited net revenue for the year ended December 31st, 2010 increased 4.9% to US$2.72 billion. The increase is attributed to the 4% and 6% increase in production and sales volumes respectively, despite the 3% decline in average selling price.

Cost of revenue increased 22% to US$1.87 billion (or 7% to Rp17.0 trillion) due to higher planned stripping ratio, longer overburden hauling distances and additional weather-related costs. As a result, gross profit declined 20% to US$851 million (or 30% to Rp7.7 trillion) as the increase in cost of revenue outpaced the increase in net revenue.

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, 11:38 am | 857