Indonesia's state-run mining firm Antam posts 833,200 USD of profit in H1 this year
Source: Xinhua   2016-09-02 18:57:07

JAKARTA, Sept. 2 (Xinhua)-- Indonesia's state-run mineral mining firm PT Aneka-Tambang (Antam) posted a profit of 11.03 billion rupiah (about 833,200 U.S. dollars) in the first half this year after it posted losses in the same period last year.

Antam President Director Tedy Badrujaman said that the firm's profit in the first six months this year was mainly contributed by the surge in its sales that stood at 4.16 trillion rupiah (about 314.2 million U.S. dollars) in which gold commodity contributed 68 percent to the sales.

"With the swelling commodity prices at present, we are optimistic that we can provide good profitability and returns for our stakeholders by the end of the year," Tedy was quoted as saying in the statement released by the publicly-listed firm on Friday.

Tedy said that the firm posted 396 billion rupiah (about 29.9 million U.S. dollars) of losses in the first half last year.

According to Tedy, the second best contributor to the firm's first half sales was ferronickel which booked a sale of 950 billion rupiah (about 71.6 million U.S. dollars), or 23 percent from the total sales figure.

Tedy added that during the first half period this year, Antam sold 5,392 kilograms of gold and 8,092 tons of nickel in the form of ferronickel.

Editor: xuxin
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Indonesia's state-run mining firm Antam posts 833,200 USD of profit in H1 this year

Source: Xinhua 2016-09-02 18:57:07
[Editor: huaxia]

JAKARTA, Sept. 2 (Xinhua)-- Indonesia's state-run mineral mining firm PT Aneka-Tambang (Antam) posted a profit of 11.03 billion rupiah (about 833,200 U.S. dollars) in the first half this year after it posted losses in the same period last year.

Antam President Director Tedy Badrujaman said that the firm's profit in the first six months this year was mainly contributed by the surge in its sales that stood at 4.16 trillion rupiah (about 314.2 million U.S. dollars) in which gold commodity contributed 68 percent to the sales.

"With the swelling commodity prices at present, we are optimistic that we can provide good profitability and returns for our stakeholders by the end of the year," Tedy was quoted as saying in the statement released by the publicly-listed firm on Friday.

Tedy said that the firm posted 396 billion rupiah (about 29.9 million U.S. dollars) of losses in the first half last year.

According to Tedy, the second best contributor to the firm's first half sales was ferronickel which booked a sale of 950 billion rupiah (about 71.6 million U.S. dollars), or 23 percent from the total sales figure.

Tedy added that during the first half period this year, Antam sold 5,392 kilograms of gold and 8,092 tons of nickel in the form of ferronickel.

[Editor: huaxia]
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