Indonesia's second largest coal mining contractor, PT Bukit Makmur Mandiri Utama (BUMA), subsidiary of PT Delta Dunia Makmur Tbk (DOID), is estimated to post Rp151 billion of net profit in the first three months this year, more than double compared to the same period last year of Rp73 billion. BUMA's revenue calculated to reach Rp1.28 trillion.
A source familiar with the matter said BUMA posted Rp73 billion of net profit and 1.6 trillion of revenue in the first three months last year.
Based on BUMA's first quarter 2010, Delta Dunia might book Rp130 billion of net profit in the first quarter this year.
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