PTBA seeks higher profit margin, new export markets
Tuesday, April 19 2016 - 01:04 AM WIB
Bisnis Indonesia quoted PTBA Director Joko Pramono as saying Tuesday that net profit margin this year is expected to slightly increase to 15 percent from 14.8 percent last year.
He explained the company will continue efficiency drive in a bid to reduce to help realize the higher net profit margin target. He said that production cost this year is targeted to further decline by 10 percent. Last year, production cost fell by 10 percent to Rp 356,866 per ton.
He said that PTBA will ?electrify? its mining operation equipment such as overland conveyor system at the Tanjung Enim site in South Sumatra to achieve higher efficiency. This is made possible as the company has already operated three own power plants each with capacity of 2x110 MW, 2x10 MW, and 2x8 Mw.
The appointment of mining services subsidiary PT PT Satria Bahana Sarana is expected to also help further increase efficiency. Satria has allocated more than Rp 962 billion to purchase new trucks with capacity of 100-ton and other equipment to allow it to have production capacity of 30 million bank cubic meters.
Elsewhere, Joko reiterated the company?s target to boost sales volume this year by 51 percent to 29.17 million tons by among others expanding its export markets. He said PTBA this year will start exporting coal to new markets including Bangladesh, Myanmar and Pakistan.
As of the first quarter of this year, export accounted for about 44 percent of PTBA?s total sales volume, while domestic market accounted for the rest. As of end of last year, Taiwan, Japan, and Malaysia were PTBA?s largest export markets, respectively accounting for 22 percent, 9 percent, and 7 percent of export. (*)