JAKARTA (Yosefardi) – State coal miner PT Bukit Asam Tbk (PTBA) booked net profit of Rp541.69 billion in first quarter of this year, grew 8.8% from Rp497.63 billion in the same period of last year.
Sales rose 11.4% to Rp3.09 trillion from previous Rp2.78 trillion. Cost of goods sold also increased 15% to Rp2.09 trillion from earlier Rp1.82 trillion.
Operating profit grew 13% to Rp666.99 billion from Rp589.6 billion in first quarter of last year.
Its assets increased 4% to Rp12.15 trillion and liability jumped 22% to Rp5.05 trillion. The company has cash and cash equivalent of Rp3.57 trillion.