JAKARTA (Yosefardi) – Coal miner PT Resources Alam Indonesia Tbk (KKGI) booked net profit of US$7.9 million in first nine months of 2014, dropped 56% from US$18 million in the same period of 2013.
Net sales declined 30% to US$105.68 million from previous US$152 million. Income from operations fell 55% to US$11.29 million from earlier US$25.15 million.
Resources Alam sold its coal production to Maxrise Trading Limited (60.76%) and Glob-E Trading & Contractor Pte Ltd (11.42%).
Its assets totaled Rp98.2 million while liability amounted US$25.63 million.