Jakarta, April 19, 2018 - PT Bukit Asam Tbk (PTBA) announced Financial Performance as of 31st March 2018. The Company started Q1 2018 with a very excellence performance. PTBA reported operating profit of Rp 2.04 trillion or 167% from Q1 2017 operating profit of Rp 1,22 Trillion. Q1 2018 net profit also showed a significant increase, that is Rp 1.45 trillion or 167% from Q1 2017 net income of Rp 870 billion.

The Company's keep on going to implement effective business strategies to provide efficiency financial and operational performance.

The company recorded revenue of Q1 2018 amount to Rp 5.75 trillion, up to Rp 1.20 trillion compared to Q1 2017 revenues. This revenue increase was supported by export sales of coal, while revenues from domestic coal sales were relatively similar compared to the same period of the previous year.

Revenue on export sales of coal for Q1 2018 amount to 55% of total revenue, while revenues from domestic coal sales amount to 43%. The rest of 2% is income on other business activities, which consists of sales of electricity, briquettes, crude palm oil, hospital health services and leasing services. Total during Q1 2018, there was an increase in coal sales volume of 16% compared to Q1 2017 or from 5,433,024 tons to 6,297,080 tons.

The increase in sales is part of the company's strategy to utilize the relatively high coal price index movement in Q1 2018, as well as to optimize the sales of medium and low coal calorie.

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PT Bukit Asam (Persero) Tbk published this content on 20 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 April 2018 03:36:01 UTC