VIVAnews – PT International Nickel Indonesia Tbk. (INCO) recorded a net profit of US$75.9 million in the third quarter of 2009. The profit is higher 336.2 percent than the US$17.4 million earned in the second quarter of 2009.
However, during the first nine months of 2009, Inco’s net profit dropped to US$110.5 million compared to the same period of 2008 worth Rp 369.1 million.
Inco President Director Arif Siregar stated in a corporate press release in Jakarta on Thursday, Oct. 29 that the total earnings before interest, tax, depreciation and amortization hit US$128.3 million, higher 171.2 percent compared to the earning in the second quarter of 2009, valuing US$47.3 million.
The cash used for capital expenditure in the third quarter of 2009 reached US$22.7 million, or roughly half the cash spent in the second quarter of 2009, which valued US$41.7 million.
The net income cash is recorded US$62.3 million, compared to the US$55.1 million expenses in the second quarter of 2009.
Meanwhile, the sales in a three-month-period which ended on Sept. 30 reached US$249.8 million, higher 61.2 percent than the second quarter of 2009, valuing US$155 million.
The sale increase was caused by the average realization price of nickel in matte for US$13,394 per metric ton, compared to the price in the second quarter of 2009 of US$8,894 per metric ton.
Sales increased by 18,653 metric ton, higher than the second quarter of 2009 with 17,423 metric ton.
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Translated by: Ariyantri E. Tarman
Belum Kepikiran Nikah, Ternyata Ini Kriteria Pria Idaman Ghea Indrawari
Namun di usianya sekarang ini, Ghea Indrawari merasa masih ada banyak hal yang perlu ia lakukan sendiri termasuk mengejar kariernya di industri hiburan.
