Bumi 9-Month Net Income Declines 37% on Finance Costs
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PT Bumi Resources, Indonesia’s biggest coal producer, posted a 37 percent decline in nine-month profit from a year earlier as finance costs surged.
Net income fell to $195.6 million, or 1 cent a share, from $310.6 million, or 1.6 cents a share, the same period a year earlier, the company said in a statement posted on the Indonesia Stock Exchange website today. Interest expenses and finance charges increased to $449 million from $80.3 million.