JAKARTA (Yosefardi) – PT Bumi Resources Minerals, unit of coal giant PT Bumi Resources Tbk (BUMI), suffered net loss of US$38.75 million in first half of this year, widened from loss US$9.19 million in the same period of last year.
Revenues declined to US$10.3 million from previous US$11.97 million. Operating expenses reached US$5.6 million, then operating income was US$4.69 million. lower than US$6.37 million in first half of 2012.
Its assets totaled US$1.96 billion while liability amounted US$551.82 million. The company has cash and cash equivalent of US$6.46 million.
BRMS has negative working capital of US$400.39 million, and has limited sources of revenues. One of the group’s strategic planning is to extend the maturity of long term loans that will be due within 12 months.