Jakarta - PT Adaro Energy Tbk booked revenues worth U.S. $ 2.43 billion in the period January-September 2013.

That figure is down 12% due to the average selling price average sale price / ASP) coal is down about 20%.
"As a weakening global coal prices, thermal coal market still oversupplied which keeps the price lower than expected," said President Director of Adaro Energy, Garibaldi Thohir, in a press conference in Jakarta, yesterday.

It was also an impact on our net income that fell 47% to U.S. $ 183 million. ASP was not covered attenuation reduction of coal cash costs around 9% to U.S. $ 34.68 per tonne in the third quarter of 2013. 

And with the future production volume rose 14% to 38.67 million tons, sales also jumped 13% to 39.11 million tons. "Sales volume amounted to 14.11 million tons," said Garibaldi.

Price fluctuations directly impact was felt in subsidiary division of mining and coal trading, PT Adaro Indonesia. Thermal coal producer in the world number four, contributing 93% of Adaro Energy's operating revenues recorded a net operating income of U.S. $ 2.27 billion, down 10%. Even though the mining services division revenues, PT Saptaindra True (SIS), which fell 31% to U.S. $ 112 million.

Total operating revenues from infrastructure and transportation services division, among others, PT Alam Tri Abadi (ATA), PT Indonesia Bulk Terminal (IBT), PT Maritim Barito Perkasa (MBP), and PT Sarana Daya Mandiri reached U.S. $ 48 million, down 16%.

This was due to lower sales of fuel by barge company to ATA and the volume of coal loaded IBT. "However, transport by barge by MBP increased," he said.

Adaro cost of revenue was U.S. $ 1.87 billion, which contributed 3% increase in cost of revenue division of mining and coal trading at U.S. $ 1.74 billion. The Company recorded a total income before interest, taxes, depreciation and amortization (EBITDA) amounted to U.S. $ 626 million with a margin of 26%