JAKARTA (Yosefardi) – Coal producer PT Berau Coal Energy Tbk (BRAU) suffered loss of US$7.79 million in first quarter of this year, narrowed from loss US$36.39 million in the same period of last year.
Sales increased 8.4% to US$373.29 million from previous US$344.85 million. Cost of goods sold also rose 10.6% to US$291.2 million from earlier US$263.98 million.
Sales to Noble Resources reached US$66.05 million, or 18% of total sales, while sales to Taiwan Power Company was US$73.14 million, or 20% of total sales.
BRAU’s assets totaled US$1.95 billion while liability amounted US$1.91 billion. It has cash and cash equivalent of US$372.7 million.