Bumi’s 2010 Profit May Have Gained 50% as Coal Surges

PT Bumi Resources’s profit may have risen about 50 percent last year as the company, Indonesia’s biggest coal producer, sold more coal at higher prices, said Dileep Srivastava, a director.

Bumi, based in Jakarta, posted $190.4 million in net income in 2009, Srivastava said in an e-mailed response to query, without providing last year’s figure. Profit may have risen 38 percent to $262.3 million last year, according to the average estimate of 18 analysts in a Bloomberg survey.