Adaro Energy’s Net Revenue Increases 12% to US$1.3 Billion due to Solid Increase in Production Growth

August 30, 2010, 11:42 am | Admin

PT Adaro Energy Tbk (IDX: ADRO) today announces consolidated auditor-reviewed net revenue for the six-month period ended June 30th, 2010 increased 12% to US$1.3 billion due to solid production growth despite high levels of rainfall, which exceeded the five-year average. Adaro Energy’s production and sales volumes in 1H10 increased 20% and 22% respectively to 21.6 million tonnes and 21.8 million tonnes.

The currency of Adaro Energy’s business activities, including its debt, sales and costs (except for labor), is the US Dollar. As Adaro Energy must report in Rupiah, the fluctuations of the Rupiah can distort the true financial performance of the company. Therefore, due to the 17% appreciation in Rupiah, when translated to Rupiah, Adaro Energy’s reported 1H10 net revenues decreased 7% to Rp12 trillion.

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, 11:44 am | 608