JAKARTA (Yosefardi) – As coal price has yet to recover, PT Permata Prima Sakti Tbk (TKGA) targets to produce 2 million tons of coal this year. It will also improve exploration for boosting coal reserves.
The company opts to anticipate the decline of world coal price by focusing on cost efficiency. It will maintain its captive markets such as Thailand, Malaysia, and local market.
TKGA also plans to propose to creditors the extension of debt payment as it will strengthen the capital structure.
TKGA booked net profit of US$669,704 in first nine months of 2013, compared to loss US$331,442 in the same period of 2012. Its revenue declined to US$128.6 million from previous US$151.85 million. Coal sales reached US$128.6 million.