Coal Market Continues to be Difficult and Challenging

March 10, 2015, 11:41 am | Admin

Dear Capital Market Participants,

Adaro Energy has today lodged to the Indonesia Stock Exchange and the OJK our Consolidated Financial Statements and Notes for the FY14, together with an accompanying FY14 Financial Press Release.

Adaro Energy’s President Director and Chief Executive Officer, Mr. Garibaldi Thohir said:

“The macro situation was difficult last year as coal prices continued to be under pressure due to an oversupply and overcapacity in the market. We anticipate the challenging conditions to remain in 2015. However, we believe the long term fundamentals for the coal and energy sectors remain strong. Our focus will be on operational excellence, preserving cash and on business development including strengthening our logistics business and moving downstream into power. We remain on track to create maximum value from Indonesian coal, including paying an annual cash dividend and to help build the nation.”

Download FY14 English Financial Press Release here

Download FY14 Bahasa Financial Press Release here

Download FY14 Financial Statements and Notes here

Please do not hesitate to email us or visit our homepage at www.adaro.com should you have questions or require additional information.

 

Yours faithfully,

 

Cameron Tough

GM, Head of Corporate Secretary & Investor Relations Division

PT Adaro Energy, Tbk.

 

Last modified on February 28, 2017, 8:28 pm | 4168