JAKARTA (Yosefardi) – Shares of coal giant Bumi Resources Tbk (BUMI) gained 2.15% to Rp475 per share Thursday (Oct 3) with over 40 million shares exchanged hands.
Investors focused buying on coal related stocks as the prices have been considered cheap after recent sigficant corrections.
BUMI suffered net loss of US$269.73 million in first half of this year, narrowed from US$334.11 million in the same period of last year.
Revenues declined to US$1.85 billion from previous US$1.95 billion. Cost of revenues reached US$1.48 billion, then gross profit was US$375.8 million.
Operating profit reached US$142.89 million while operating expenses declined to US$232.9 million from US$314.9 million earlier year.
Its assets totaled US$7.1 billion while liability amounted US$6.98 billion.
On August 9, 2013, BUMI, the Original Guarantors and Credit Suisse, Singapore branch entered into agreement to amend certain terms in the credit agreement, whereby the loan facility shall be repaid in 15 monthly installments from October 2013 until November 2014.
On August 26, 2013, BUMI and PT Recapital Assets Management entered into agreement, whereby BUMI’s funds will be settled in a non-cash settlement.