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Sunday, October 24, 2010

Dayaindo Resources revenue up to IDR1 trio

BI / exchange
Irvin Avriano A.

Dayaindo Resources revenue up to IDR1 trio
JAKARTA: PT Dayaindo Resources International Tbk predicts revenue in 3rdQ/2010 can reach IDR1 trillion due to the company's relation with Agritrade International Pte Ltd, a coal trading company in Singapore.

"Our income is more than IDR1 trillion, but the exact numbers can not convey yet now. Cooperation with Agritrade help us to export coal to China which has been difficult to penetrate," said Dayaindo Resources Vice President of Finance Heriman to Bisnis this afternoon.

He was also unable to reveal predictions of net income for the same period because of its financial statements are being prepared.

According to him, that the predicted revenues at least increased by 58.26% compared to the 2ndQ/2010 from IDR631.87 billion. The amount is also increased by 719.51% compared to the IDR122.02 billion in the 3rdQ/2009.

Per 2ndQ/2010, the company recorded a net profit of IDR13.77 billion, which makes its net profit margin of 2.18%.

Stock prices that coded KARK stands at IDR59 per share in Friday, down by 3.28% and establish its market capitalization amounted to IDR1.14 trillion.



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