Relatively Good Performance
In 3Q19, PTBA was still able to book revenues of IDR5.6 trillion (+1.7% YoY; +6.8% QoQ) supported an increase in total coal sales of 7.3 million tons (+14% YoY; +7.4% QoQ) with 61% contributions coming from domestic sales. However, the costs of revenues increased to IDR3.5 trillion (+11.3% YoY; +5.7% QoQ) eroding PTBA’s 3Q19 net profits to IDR1 trillion (-14.1% YoY; +25.5% QoQ).
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