JAKARTA - PT Atlas Resources Tbk (ARII), a coal company, aims to generate US$ 90 million in revenue in 2019, 135% higher than the realization in 2018 of US$ 38.16 million.
For information, by the end of the first quarter of 2019, Atlas Resources had generated US$ 16.65 million in revenue, 78.5% higher compared to the record from the same period last year of US$ 8.77 million.
To reach the target, this year the company will focus on increasing production. Lidwina S. Nugraha, Director and Corporate Secretary of Atlas Resources said that in the first quarter, the company's performance may be weaker because of the high rain intensity. "Until October, November we will boost the remainder of production target," Lidwina said to idnfinancials.com.
Atlas Resources also set a production volume and sales volume target of 1.7 million tonnes this year. By the end of April, the company's total production volume reached 304,323 tonnes and sales volume at 206,755 tonnes. (LM/AR)