JAKARTA (Yosefardi) – PT Vale Indonesia Tbk (INCO) booked net profit of US$47.28 million in first nine months of this year, jumped 68% from US$29.94 million in the same period of last year.
Revenue increased 4% to US$721.07 million from previous US$693.69 million. Cost of revenue reached US$605.24 million. Operating profit was US$77.3 million.
Its assets totaled US$2.3 billion while liability amounted US$568.65 million. The company has cash and cash equivalent of US$221.35 million.
In third quarter, PT Vale produced 3% more nickel in matte than in the second quarter of 2013, confirming its 2013 production target of 10% more than in 2012. PT Vale delivered 19,613 metric tons (t) nickel matte in 3Q13 compared to 20,109 t in 2Q13.
On a year-to-date basis, both production and sales volumes in 2013 were up by 16%. Average realized price in 3Q13 declined by 11% compared to 2Q13.