JAKARTA (Yosefardi) – PT Benakat Integra Tbk (BIPI) booked net profit of US$20 million in first nine months of 2014, dropped 48% from US$40.2 milion in the same period of 2013.
Revenues doubled to US$216 million from previous US$107 million. Cost of revenue also rose to Rp99 million from earlier US$43.7 million.
Revenue from trading and mining service reached US$125.9 million, compared to US$53.5 million in a previous year. Revenues from port and crusher rental service amounted US$74 million and crude oil sales totaled US$16 million.
Revenues from main customer PT Arutmin Indonesia was US$80 million (37% of total revenue, from PT Kaltim Prima Coal (KPC) US$75 million, Enel Trade SPA US$44 million, and PT Pertamina EP US$16 million.
However the company recorded other losses of US$12.7 million againsts profit of US$23.7 million in first nine months of 2013. Its assets totaled US$1.38 billion while liability amounted US$888 million.