Press Release

PTBA records business income on the third quarter of 2018 amount IDR.16,04 trillion, an increase of IDR.2,75 trillion or 21% compared to operating income in the third quarter of 2017.

The largest revenue in the third quarter of 2018 was derived from export coal sales which amounted to 52% of total revenue, while domestic coal sales are 46% and the remaining 2% is income from other business activities (sales of electricity, briquettes, crude palm oil, hospital health services, and rental services).

This excellence performance on the third quarter of 2018 is proved by the increase in production volume by 16%, export sales volume up to 39% and the average selling price which also increased by 13%, each compared to the third quarter of 2017.

Supported by good financial performance in Third Quarter 2018, able to realize stronger liquidity and higher profitability compared to Quarter III 2017. This can be seen from Cash and Cash Equivalents which increased 70% to reach IDR. 6.06 Trillion, Cash flow from Operating Cash Flow due to revenue from customers increased 58% or IDR. 6,48 Trillion and Net Profit penetrated IDR. 3.93 Trillion or 150% of net profit in the third quarter of 2017.

These success performance can only be realized through the implementation of effective business strategies and sustainable efficiency in all lines.