Bumi Resources posts $660.1m net loss
Wednesday, April 9 2014 - 04:08 AM WIB
By Romel S. Gurky
IDX-listed coal miner PT Bumi Resources Tbk said that net loss last year shrank to US$660.1 million from $705 million in the previous year.
The company said in a filing with the Indonesia Stock Exchange on Tuesday that revenue slightly declined to $3.5 billion from $3.7 billion in the previous year.
Meanwhile, cost of revenue increased by 2.5 percent to $2.86 billion, resulting in operation profit to drop by 46.78 percent to $230.04 million last year compared to $432.28 million in 2012.
Editing by Reiner Simanjuntak