UT reports 51% jump in coal sales volume
Friday, July 25 2014 - 02:10 AM WIB
IDX-listed heavy equipment company PT United Tractors Tbk, which also operates a number of coal mines, said Thursday that coal sales volume in the first six months of this year jumped by 51 percent to 3.43 million tons compared to the same first-semester period of last year.
The company said in a statement that in line with the higher coal sales volume, revenue in the coal mining business increased by 46 percent to Rp 2.89 trillion in the first semester of this year, accounting for 10 percent of UT?s total consolidated revenue.
UT announced Thursday that consolidated revenue in the first-half of this year increased by 11 percent to Rp 27.53 trillion compared to the same period of last year.
UT has a number of coal concessions operated by PT Prima Multi Mineral (PMM), PT Tuah Turangga Agung (TAA), PT Asmin Bara Bronang (Asmin) and PT Duta Nurcahya (DN).
The PMM and Asmin concessions are located in South Kalimantan and Central Kalimantan, while TTA and DN mines are located in Central Kalimantan.
Editing by Reiner Simanjuntak