Newsletter from PT Antam Tbk
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Welcome to the latest edition of Antam NewsAlerts.
ANTAM PROFITS Rp1,313 BILLION (UNAUDITED) IN FULL YEAR 2008 27-02-2009
Jakarta, 27 February 200 9 PT Antam Tbk (ASX - ATM; IDX - ANTM) announces today unaudited consolidated net profit of Rp1,313 billion and Earnings per Share (EPS ) of Rp137.76 in full year 2008. The decrease is attributed to lower revenue from the nickel segment as well as higher costs related to higher fuel prices, pushing higher materials, mining services and transpor tation costs. As well, Antams cost of sales increased due to lower ferronickel inventory value which is based on market prices. Antams net profit in 2008 was 74% lower compared to Rp5,132 billion of net profit and EPS of Rp538,08 in 2007.
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