JAKARTA (Yosefardi) – Coal producer PT Golden Energy Mines Tbk (GEMS), controlled by Sinarmas Group and GMR Infrastructure, increased its loan to its unit GEMS Trading Resources Pte Ltd to US$30 million from initial US$20 million.
The loan will mature in December 31, 2014 and carries interest rate of 8% per year, used for working capital of unit.
GEMS booked net profit of Rp170.27 billion in 2013, up 4.5% from Rp178.93 billion in 2012. Net sales increased 11.8% to Rp4.43 trillion from previous Rp3.96 trillion.
Its assets totaled Rp4.02 trillion while liability amounted Rp1.05 trillion. It has cash and cash equivalent of Rp780.99 billion.