JAKARTA (Yosefardi) – Coal mining company PT Petrosea Tbk (PTRO) allocates US$60-70 million for funding its port construction project in Kariangau, Tanjung Batu, East Kalimantan.
The construction of port started since September 2014 and is targeted to complete by May-June, 2016.
PTRO booked net profit of US$2.3 million last year, dropped 86.7% from US$17.3 million in 2013. While revenue fell to US$348 million from previous US$360.1 million.