Senin, 26 April 2010

Bumi Resources (BUMI IJ)

Bumi has sold 16 m tons in Q1'10 vs 11.3 m tons in Q1'09 or an increase by a record breaking 41.6% compared with the same period last year.

Q1 in any year is usually the most challenging quarter because of heavy rainfall, we are confident that Bumi is well on pro rata track to meeting its minimum guidance of 64 m tons in FY '10 vs 58 m tons in FY09 and 51.5 m tons in FY08.

Easily, Bumi is easily the highest coal producer and seller in Indonesia by a long distance and gap between the others is expectedly widening between Bumi and any of the others.

We are conducting a limited audit review in Q1'10, hence, our financials for this period will be available now latest by 31 May '10. (Dileep S)

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