PT Golden Energy Mines Tbk BII Plaza Tower II, 6th Floor
Jl. MH. Thamrin No.51 Jakarta Pusat 10350 Phone: (62) 501 86 888 Fax: 31990319 Website: www.goldenenergymines.com
Jakarta, 27 Maret 2013 MEDIA RELEASE
Press Release
PT Golden Energy Mines Tbk
Trading growth 38% while coal prices
declined in 2012
Jakarta, 27 March 2013 - PT Golden Energy Mines Tbk (“the Company), part of the Sinarmas Group announced its 2012 results today. The Company reported an increase in its production by 22% from 4.390 mmt in 2011 to 5.345 mmt in 2012. The sales volume increased by 35% from 5.689 mmt in 2011 to 7.687 mmt in 2012. This included trading volumes of 2.176 mmt (1.576 mmt in 2011). While the revenue recorded YoY growth by 38% to Rp 3,959 billion, the profit after tax declined from Rp 319 billion in 2011 to Rp 179 billion in 2012.
Commenting on the performance of the Company, Mr. Fuganto Widjaja, the President Director said, “2012 was a challenging year for the industry as a whole and we were no exception. While the prices softened, the cost increases in our operations, solar price increase and a depreciating Rupiah compounded the business economics. Our response at GEMS was to use this period to work on our housekeeping and improve on our efficiencies and capabilities. On the mining side, we invested in debottlenecking our logistics and infrastructure space. We appointed McKinsey (an internationally reputed consultant) to work with us on cost rationalization and process improvements. In terms of performance, we did grow our production volumes by around 22%. Our trading volumes grew over 38%. Our profitability though took a hit with a PBT of 6% of revenue as against 15% YOY. The fact that we are practically debt free, has helped us better deal with the market situation and with a cash reserves of over Rp 951 billion, we are well prepared for capitalizing on growth as the market improves”.
Warta Pers
PT Golden Energy Mines Tbk
Ditengah Tekanan Harga 2012,
Trading GEMs Meningkat 38%
Jakarta, 27 maret 2013 - PT Golden Energy Mines Tbk. (“Perseroan), bagian dari Sinarmas Group mengumumkan hasil laporan keuangan tengah tahunan pada hari ini. Perseroan melaporkan peningkatan produksi sebesar 22% dari 4,39 juta ton di tahun 2011 menjadi 5,345 juta ton di tahun 2012. Volume penjualan meningkat sebesar 35% dari 5,689 juta ton di tahun 2011 menjadi 7,687 juta ton di tahun 2012, dengan volume trading sebesar 2,176 juta ton (1,576 juta ton di tahun 2011). Sementara itu pendapatan Perseroan meningkat sebesar 38% sebesar Rp 3,969 miliar, profit after tax turun dari Rp 319 miliar ditahun 2011 menjadi Rp 179 miliar di tahun 2012.
PT Golden Energy Mines Tbk BII Plaza Tower II, 6th Floor
Jl. MH. Thamrin No.51 Jakarta Pusat 10350 Phone: (62) 501 86 888 Fax: 31990319 Website: www.goldenenergymines.com
Jakarta, 27 Maret 2013 MEDIA RELEASE
At a glance PT Golden Energy Mines Tbk
PT Golden Energy Mines Tbk. is engaged in trade services of mining and mining services. When it was established on March 13, 1997 the Company was named PT Bumi Kencana Eka Sakti.
The name changed from PT Bumi Kencana Eka Sakti into PT Golden Energy Mines Tbk occurred on November 16, 2010. The Company was listed in
17th of November 2011 (GEMS).
The Company is the holding company of 10 subsidiaries. Eight subsidiary companies engaged in mining of thermal coal calorie value ranges between 5200-6100 kcal / kg (adb). Mining project site is located entirely in Indonesia, spread in Jambi, South Kalimantan and Central Kalimantan with total reserves 688 mmt. Mining project area of 8 subsidiaries of the Company covering 38, 165 hectares.
PT Golden Energy Mines Tbk
Website: www.goldenenergymines.com
Email : corsec@goldenenergymines.com Tlp : 021- 50186888
Sekilas PT Golden Energy Mines Tbk
PT Golden Energy Mines Tbk bergerak di bidang jasa perdagangan hasil tambang dan jasa pertambangan. Ketika berdiri pada 13 Maret 1997 Perseroan bernama PT Bumi Kencana Eka Sakti.
Perubahan nama dari PT Bumi Kencana Eka Sakti menjadi PT Golden Energy Mines Tbk terjadi pada tanggal 16 November 2010. Perseroan tercatat di Bursa pada tanggal 17 November 2011 ( GEMS ).
PT Golden Energy Mines Tbk BII Plaza Tower II, 6th Floor
Jl. MH. Thamrin No.51 Jakarta Pusat 10350 Phone: (62) 501 86 888 Fax: 31990319 Website: www.goldenenergymines.com