Adaro Energy’s EBITDA Margin and Liquidity Stand Strong in the Midst of Challenging Coal Market Conditions

April 29, 2013, 10:17 am | Admin

PT Adaro Energy Tbk (IDX: ADRO) announced today unaudited financial statements for the first quarter ended March 31st, 2013. Our net revenue decreased 19% year over year (y-o-y) to US$740.6 million from US$915.9 million as lower coal prices were reflected in our average selling price. Our EBITDA declined nearly 40% y-o-y to US$189.8 million from US$315.3 million, with an
EBITDA margin of 25.6%. Meanwhile, our 1Q13 net income declined 66% y-o-y to US$41.6 million from US$121.8 million. We are on track to reach our EBITDA guidance for 2013 of US$850 million to US$1 billion.

General Media:
For further information, please contact:
Devindra Ratzarwin
Corporate Secretary
Tel: (6221) 521 1265
Fax: (6221) 5794 4685
Email: corsec@ptadaro.com

Financial Media:
For further information, please contact:
Mr. Cameron Tough
Head of Investor Relations
Tel: (6221) 521 1265
Fax: (6221) 5794 4685
Email: cameron.tough@ptadaro.com

Last modified on January 30, 2017, 10:40 am | 1284