Samindo Posts 18.8% Profit Decline

JAKARTA (Yosefardi) – Coal mining contractor PT Samindo Resources Tbk (MYOH) booked profit attributable to owner of US$9.76 million in the first half of 2015, declined 18.8% from US$12.02 million in the corresponding period of 2014. Revenue fell 15% to US$107.43...

Baramulti Posts Profit $16.96 Million

JAKARTA (Yosefardi) – Coal miner PT Baramulti Suksessarana Tbk (BSSR) booked net profit of US$16.96 million in the first half of 2015, compared to US$1.82 million profit in the corresponding period of 2014. Sales increased 33% to US$137.37 million from previous...

Govt to Evaluate 35000 MW Power Project

JAKARTA (Yosefardi) – As the economy is slowing down, the government of Indonesia plans to evaluate the construction of power plants with capacity of 35000 megawatts (MW). In the first half of 2015, the electricity sales only grew by 1.8%, far below the target...

KrisEnergy Posts 47% Drop in Revenue

SINGAPORE (Yosefardi) – KrisEnergy Ltd., an independent upstream oil and gas company, posted revenues decline of 47.0% in the first six months 2015 (1H2015) from a year earlier, due to volatility in global oil markets. EBITDAX, the globally accepted benchmark of...

Interra’s Loss Widens

SINGAPORE (Yosefardi) – SGX-listed Interra Resources Limited, controlled by Edwin Soeryadjaya and Sandiaga Uno, booked net loss after tax US$7.54 million for the second quarter ended June 2015, widened from loss of US$3.23 million in the previous quarter. This was...