Reuters Indonesia Adaro Q3 net profit jumps on coal demand

* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah

JAKARTA, Oct 31 (Reuters) - Indonesia's largest coal
producer by market value PT Adaro Energy Tbk (ADRO.JK) posted a
131.6 percent increase in its third quarter net profit, based on
Reuters calculations, amid increasing coal demand for both
exports and domestic use.

Adaro, which has a market capitalisation of $5.14 billion,
sells to 48 customers in 18 countries worldwide, including power
utilities Thai Power and Indonesian state electricity firm
Perusahaan Listrik Negara (PLN). Exports account for more than
70 percent of its sales.

The firm had said that the demand for its coal strengthened
at the end of June and expected the trend to continue until the
end of the year with increasing sales to Asian customers.

Adaro posted a 58.9 percent increase of coal exports and
55.7 percent increase of domestic coal sales in the
July-September period.

Its net profit grew 131.6 percent to 1.27 trillion rupiah
from 546.5 billion rupiah a year ago, while the revenue jumped
56.8 percent to 7.12 trillion rupiah.

The figures were based on Reuters calculations from the
nine-months and first-half earnings published by the company.

Adaro aims to produce 42-45 million tonnes of coal this
year, up from 38.5 million tonnes in 2008, and to raise
production to 80 million tonnes per year in the next five years.
With higher sales volume, Adaro has forecast double-digit growth
in revenue and net profit this year.

Shares in Adaro closed at 1,540 rupiah on Friday.

($1 = 9,540 rupiah)

(Reporting by Telly Nathalia, editing by Sunanda Creagh)