Berau Coal posts Rp 603 billion in H1 revenue
Wednesday, August 6 2003 - 01:02 AM WIB
JSX-listed heavy equipment supplier PT. United Tractors Tbk (UT) reported Tuesday that its 60 percent-owned subsidiary?s, PT Berau Coal, had posted unaudited revenue of Rp 603.15 billion in the first half of 2003, higher from last year?s period of Rp 595.41 billion.
UT said in Jan ? June period, the figure of coal sales had increased by 16 percent to 3.5 million tons of which 67 percent were accounted for exports while the remaining 33 percent for domestic sales. Berau sold around 3.0 million tons of coal in last year's corresponding period.
According to UT, the international steam coal prices have improved in the second quarter this year.
Berau operates coal mine in Berau Regency, East Kalimantan. The company planned to increase its coal production to around 7.2 million tons this year from 6.9 million tons last year.(robert)