Press Release

While the coal price is getting worse, PTBA significantly able to raise their performance in 2015 and reached higher profit than the previous year by 9.30 percent of gain.

At press conference that held after the General Meeting of Shareholders (Rapat Umum Pemegang Saham Tahunan/RUPS), Corporate Secretary Joko Pramono, the man who is inducuted as Director of PTBA said, net income  for fiscal year 2015 amounted to Rp2,04 trillion , while net income in 2014 amounted to Rp1,86 trillion. So, what are their strategic steps that made this business company  which located in Tanjung Enim, South Sumatra is increasing?

Joko said, firstly, to improve efficiency in various lines such as mining system optimization with the electrification of mining equipment using its own power; second, the company acquired mining services to increase the volume of self-management for mining operations; Third, prioritize exports with high grade coal through branding market in accordance with market requirements; the fourth, made a breakthrough new markets, including Bangladesh and Pakistan.

From the various achievement of efficiencies by the year 2015, PTBA succeeded in reducing the production cost by 10 percent or about Rp 356,866 per ton compared to the previous year which amounted Rp 394,784 per ton.

Meanwhile, when the Global Price Index fell by 29% of its selling price, PTBA can control the wighted average price about Rp 718.922 or almost the same if compared to the weighted average price of the previous year that amounted to Rp 723.635.

With this achievement, PTBA are in the highest Net Profit Margin among the other nasional coal industry. So do with other financial ratios, this company are in the top ranks among the other coal mining industry.