Adaro on Wednesday said that sales volume, including third-party coal trading, rose 9 percent to 41.1 million tonnes in 2008, despite bad weather and weakening demand, while production volume increased 7 percent to 38.5 million tonnes.
Indonesia is the world's largest thermal coal exporter and its coal miners benefitted from soaring commodity prices in the first half of 2008. But the global financial crisis has led to a sharp drop in commodity prices.
Adaro, which listed on Indonesia's stock exchange last year, previously reported a doubling in nine-month net profit to 686 billion rupiah, while revenue rose 47percent to 12.4 trillion rupiah. It hasn't reported full-year results yet.
Adaro shares rose 5.5 percent to 770 rupiah on Wednesday.
"We achieved our 2008 production and sales targets, despite sometimes difficult and challenging conditions such as poor weather at the beginning of 2008 and deteriorating global economic conditions at the end of 2008," President Director Garibaldi Tohir said in a statement
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