Tin Giant Timah Suffers Steep Drop Net Profit
October 29, 2009
Related articles
Antam Flags 20% Revenue Jump Due to Surge in Sales 9:50pm Jan 25, 2012
Tin Up Over 3%; Indonesia Tin Export Ban Boosts 10:56am Sep 27, 2011
Police Reject Allegations of Hostage-Taking in W. Papua Mining Flap 4:56pm Jul 11, 2011
Anti-Mining Demonstrators Vandalize Aceh Governor Office 11:07am May 31, 2011
Indonesia Allows Underground Mining in Forests, Minister Says 5:27pm May 30, 2011
Post a comment
Please login to post comment
Comments
Be the first to write your opinion!
State-owned tin producer PT Timah said its net profit dove 88.5 percent to Rp 179.95 billion ($18.7 million) in the nine months to September compared with the year earlier, driven by lower sales and lower prices for tin. The company is the country’s biggest tin producer and the world’s largest tin exporter.
However, net profit at the end of September was four times higher than at the end of June, reflecting a recovery in tin prices in the third quarter. The company’s average tin price in the third quarter stood at $14,770 per ton, 22 percent higher than in the first quarter. The average tin price over the nine month period was $12,995 per ton, down from $21,916 last year.
PT Timah’s revenue dropped by 19.7 percent to Rp 5.53 trillion in the nine-month period. JG
- ‘The Phantom of the Opera’ Unveils Itself to Jakarta Audience
- Malaysian Girl Speaks Indonesian After Freak Accident: Report
- Indonesians Buying Up Most Expensive Homes in Singapore
- Funeral on Friday for Student Killed in Rafting Accident
- Indonesian Police Arrest Czech Tourist in Papua
- Adek Berry: The Lady Behind the Camera
- 7 Motorcycle Girls Arrested for Beating Up Their Own on Bali
- The Thinker: Let's Talk About Sex
- Final Farewell to Singapore's Dr. Toh Chin Chye
- Toyota to Invest $534m for New Indonesia Plant
-
10:42pm | 12 Detainees Pull Off Brazen J...
Jailbreak happens all over the World Governments should give education and hope to the poor or else the Higly organised Mega Rich Crime will destro -
10:15pm | Notorious Gang Boss Could Be B...
Every Big city in the World has a huge crime problem So Jakarta no different. Honesty is the best policy. My father said to me when I was a young ... -
10:07pm | Israel’s Stance on Iran Could ...
Strike is a made up war from the free mason and illuminati, they need to justify a war to reduce the worlds population by 90%. A nwo will be create -
9:52pm | Sumitomo Bets on Indonesia’s G...
u have less chance of seeing a big fish convicted than I have of buying JPB a few beers -
9:42pm | Israel’s Stance on Iran Could ...
Moscow's stance on Syria IS catastrophic... -
9:42pm | What US Stop Online Piracy Act...
Am I the only one who believes that Indonesian govt doesn't care about sopa, so does everyone else in the country? It tickled us only when Wikiped -
9:41pm | What US Stop Online Piracy Act...
Am I the only one who believes that Indonesian govt doesn't care about sopa, so does everyone else in the country? It tickled us only when Wikiped -
9:29pm | Sumitomo Bets on Indonesia’s G...
@Valkyrie: don't get our high hopes, the bigger fishes are only AU, and maybe AM as "bonus".. but it stops there. Indonesian people will forget
