Darma Henwa eyes 26% growth in revenue for 2014

By Hiski Darmayana

PT Darma Henwa, IDX-listed coal mining services firm, is targeting US$395.24 million in revenue next year, which would represent 26 percent growth than this year's revenue estimate of $234.21 million.

President Director Adwin Suryohadiprojo said in Jakarta Friday the revenue increase is estimated to come from higher overburden and production works.

Darma expects next year to haul a total of 143 million bcm of overburden (from this year's estimate of 71.14 million bcm) and 20.94 million tons of coal production (from 10.53 million tons).

The targeted overburden and production volume come from four concessions, Bengalon in East Kalimantan (PT KPC), Asam-Asam in South Kalimantan (PT Arutmin Indonesia), Binungan Timur in East Kalimantan (PT Berau Coal Energy) and Malinau in northern Kalimantan (Baramulti Group).

Editing by Dadan Wijaksana