Bumi Resources Forecasts Sales to Rise on Coal Price
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PT Bumi Resources, Indonesia’s largest coal producer, forecast its revenue will rise 34 percent this year because of plans to sell more of the fuel at higher prices, a director said.
Revenue may climb to about $4.3 billion this year, Dileep Srivastava said in a mobile-phone text message from Jakarta today. That compares with $3.2 billion last year, according to data compiled by Bloomberg News.