JAKARTA (Yosefardi) – PT Indika Energy Tbk (INDY) allocates capital expenditure (capex) of US$113.5 million, or Rp1.3 trillion, for this year, funded by internal cash. The company has spent US$14.2 million capex in first quarter of this year.
INDY targets to produce 41 million tons of coal this year of which 40 million tons will come from PT Kideco Jaya Agung. In first quarter of this year, INDY produced 10.2 million tons of coal and sold 9.8 million tons of coal at average price of US$54.8 per ton.
The company booked revenue of US$241.4 million in first quarter of this year, grew 30.3% from US$185.4 million in the same period of last year. While net profit declined 12% to US$8.1 million from previous Rp9.2 million.