JAKARTA (Yosefardi) – Coal miner PT Harum Energy Tbk (HRUM) will pay dividend of Rp681 billion, or Rp252 per share, for 2012 fiscal year, representing 53% of 2012 profit (US$132 million).
The dividend will be paid in July 3, 2013.
The company reported 20% drop in profit last year duo to decline in coal prices. While revenue increased 25.5% to
US$1.04 billion, supported by increase in coal sales volume.
While average coal price decelined to US$82.7 per ton in 2012, from US$93.6 per ton in 2011. In first quarter of
2013, HRUM’s coal price stood at US$69 per ton, but it expects coal price to rebound to US$70 per ton by end of this
year.
In second quarter of this year, world coal price is expected to decline to US$82.7 per ton, compared to US$93.6 per
tons in the same period of 2012.
HRUM only booked net profit of US$7 million in first quarter of 2013 on revenue of US$223.7 million. The company targets to produce 12 million tons to 12.5 million tons of coal this year and sales volume of 13-14 million tons.