Adaro Energy Records Strong 1Q10 Production and Sales Volume Increases

April 30, 2010, 11:50 am | Admin

PT Adaro Energy Tbk (IDX – ADRO) is pleased to announce unaudited consolidated net revenue in the three month period ending March 31st, 2010 increased 21% to a record US$ 677.9 million, due to increased production and sales volumes, despite a lower average selling price. In Rupiah terms, due to translation, net revenue decreased 4% or Rp 6.3 trillion. However, largely due to higher interest expense, Adaro Energy’s net income decreased by 6% or US$ 93 million, or, due to currency exchange translation, to Rp 861 billion, resulting in a basic earnings per share (EPS) of Rp 26.9.

All of Adaro Energy’s operating subsidiaries report their accounts in US Dollars as most of their income, costs and debt are denominated in US Dollars. However Adaro Energy reports in Rupiah, which strengthened 20% in the first quarter of 2010.

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, 11:53 am | 1568