JAKARTA (Indonesia Today) – The selldown of a Rp1.21 trillion (US$127.5 million) block of shares in coalminer PT Harum Energy Tbk (HRUM) was withdrawn due to poor response, IFRAsia.com reported on Monday (Sept 17).
At 10.39 am Jakarta time, HRUM fell 0.78% to Rp6,350 per share. At this price, it has market capitalization of Rp17.16 trilllion. It has fallen 28% from its pick this year.
In a filing to Indonesia Stock Exchange (IDX) on Monday, Harum Energy said it has spent capital expenditure (capex) of US$10 million as of June 2012. The company allocates capex of US$30 million for this year.
It booked net profit distributed to shareholders of US$89.6 million in the first half of 2012, increased 23.2% from US$72.8 million in the same period of last year. Revenue rose 71.1% to US$583.2 million. (hans@theindonesiatoday.com)