JAKARTA. PT Bumi Resources Tbk (BUMI) recorded Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of US$ 153.6 million in the first semester of 2019.
In April, Dileep Srivastava, Independent Director at BUMI, stated that the company aims to record EBITDA of US$ 250 million by the end of this year. It means that in the first semester, the company has achieved 61.44% of its EBITDA target.
In its semi-annual financial report, BUMI stated that its revenue fell by 14.11% from its record from the same period of last year (US$ 560.72 million to US$ 481.14 million).
The decline in revenue is influenced by a number of factors. Such as coal exports, which fell by 16.46% to US$ 203.36 million in the first semester. In addition, coal sales in the domestic market also fell by 14.49% to US$ 275.03 million. (KR/AR)