Indonesian miner Antam`s net profit falls 59% in 2009
Mon, March 1 2010 20:25 | 382 Views
Falling sales and rising cost of goods sold caused the decline in profit, Antam President Alwin Sjah Loebis said. Loebis said the company reported sales valued at Rp8.69 trillion in 2009 down 9.49 per cent from Rp9.59 trillion in 2008.
Sales fell both in volume and prices, said the company, which produces gold, copper, silver and bauxite.
Source:
Business in Asia Today - March.1, 2010
published by Asia Pulse
Editor: Ricka
COPYRIGHT © 2010
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