Operating income fell 1.98 percent to US$323.11 million from US$329.66 million, leading to a decline in the first-semester net profit, the company said in public expose on Sunday.
BLTA corporate secretary Peter Chayson said the company`s financial performance improved in the second quarter of 2011. The company believed the improving mining tariffs for chemical tankers and the growing domestic market would push up its financial performance.
The company would focus on the domestic market in developing its business in the future. PT BLTA through its subsidiary, PT Buana Listya Tama Tbk (BULL), was ready to benefit from the application of Cabotage principles by signing long-term contracts which would give high added value to the company, he said.
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Editor: Jafar M Sidik
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