Pamapersada's overburden removal rate rise 3% in Q1
Friday, April 26 2013 - 03:19 AM WIB
The country's largest mining contracting firm, PT Pamapersada Nusantara (Pama) reported that its coal production rose 12% from 21.1 million tons to 23.7 million tons in the first quarter with overburden removal increased 3% from 192.6 million bcm to 199.3 million bcm.
The company said in quarterly report on Thursday that revenue for Mining Contracting segment in first quarter 2013 rose 19% to Rp7.08 trillion from Rp5.97 trillion.
"Higher production volume as well as better weather condition and favorable currency exchange rate have supported Pama to record improved gross profit margin of 15.5%," the company said.
Pamapersada, a subsidiary of United Tractors was set up in 1989. Pamapersada has three subsidiaries namely PT Kalimantan Prima Persada, PT Pama Indo Mining and PT Multi Prima Universal.
Editing by Adianto P. Simamora