Jakarta. In average, the performance of coal issuers improved during the third quarter of 2016. Even though some issuers still experienced decreases in income, their margins have started improving. Even, some issuers succeeded to book profits, whereas previously they suffered losses. A number of mineral mining issuers managed to have improvement in their performances. For an example, PT Timah Tbk (TINS) during the third quarter of 2016 recorded an Rp 50.65 billion net profit, or five times higher than the net profits during the same period in 2015 that amounted to Rp 10.47 billion. Previously, TINS suffered loss in the second quarter of 2016 due to the decrease in tin price. Meanhwile, PT Aneka Tambang Tbk (ANTM) booked an Rp 38 billion net profits, while the issuer’s income decreased from Rp 9 trillion to Rp 6.45 trillion. Another issuer, PT Vale Indonesia Tbk (INCO) still booked a US$ 7 million net loss in the nine months of 2016, whereas during the same period in 2015 INCO could secure a US$ 51.85 million net profit.
Efficiency boosted mining issuers performance
Jakarta. In average, the performance of coal issuers improved during the third quarter of 2016. Even though some issuers still experienced decreases in income, their margins have started improving. Even, some issuers succeeded to book profits, whereas previously they suffered losses. A number of mineral mining issuers managed to have improvement in their performances. For an example, PT Timah Tbk (TINS) during the third quarter of 2016 recorded an Rp 50.65 billion net profit, or five times higher than the net profits during the same period in 2015 that amounted to Rp 10.47 billion. Previously, TINS suffered loss in the second quarter of 2016 due to the decrease in tin price. Meanhwile, PT Aneka Tambang Tbk (ANTM) booked an Rp 38 billion net profits, while the issuer’s income decreased from Rp 9 trillion to Rp 6.45 trillion. Another issuer, PT Vale Indonesia Tbk (INCO) still booked a US$ 7 million net loss in the nine months of 2016, whereas during the same period in 2015 INCO could secure a US$ 51.85 million net profit.