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  • PT Indo Tambangraya Megah Tbk
    of net income in a large part resulted from the success of the company in reducing production cost by way of lowering stripping ratio as part of its efficiency strategy In addition lower fuel price significantly deducted transportation cost Efficiency managed to push EBIT Earnings Before Interest and Tax up by 37 to USD 59 million in the first quarter from USD 43 million in the earlier quarter while gross profit margin rose by 23 from 21 in the prior period The sales revenue during the first quarter was recorded USD 428 million with average selling coal price of USD 60 5 per ton while sales volume during the period amounted to 7 1 million tons in total The main customers were China 1 6 million tons Japan 1 2 million tons India 1 1 million tons Indonesia and other countries in the East and Southeast Asia Out of the sales volume target of 30 million tons set for this year the company has reached a contract equal to 86 of the amount During the period the company has produced 6 9 million tons in line with the target of 29 5 million tons being set To cope with the

    Original URL path: http://www.itmg.co.id/en/page/media-center/news/detail/97/higher-net-income-recorded-due-to-consistent-efficiency- (2016-02-16)
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  • PT Indo Tambangraya Megah Tbk
    all lines Sales revenue amounted to USD 1 943 million with average coal selling price during the period being USD 67 1 per ton Earnings Before Interest and Tax was recorded to be USD 236 million while the gross profit margin amounted to 21 The company has booked a sales volume of 29 million tons throughout the year with primary market aiming at China 6 8 million tons Japan 5 9 million tons Indonesia 3 7 million tons India 3 2 million tons and other countries in East and Southeast Asia During the period the company has produced 29 1 million tons close to the target of 29 5 million tons being set As for 2015 the company has determined a production target as much as the last year s target while the sales volume has been set to be 30 million tons The coal price currently is facing pressure due to oversupply in the worldwide market resulting from global economic slowdown particularly in China one of the major drivers To cope with the prolonged weak coal price the company keeps on improving efficiency in cost management by reducing various expenses Among others are by lowering stripping ratio making efficiencies

    Original URL path: http://www.itmg.co.id/en/page/media-center/news/detail/96/extenive-efficiency-leads-to-stable-net-income (2016-02-16)
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  • PT Indo Tambangraya Megah Tbk
    in management strategy to offset the declining global coal price The average coal selling price in the first nine month of this year was USD 68 7 per ton or 10 lower than USD 76 4 per ton in the same period last year Lower selling global coal price was mainly resulted from a slowdown in global economy particularly China as the main driver Lower selling price made EBIT Earning Before Interest and Tax declined by 15 to USD 193 million during the period while the gross profit margin went down by 1 to 21 Nevertheless in the first nine months this year the company recorded an increase in sales volume by 1 to 21 7 million tons versus 21 4 million tons in the same period in the preceding year The company s primary market was China 5 0 million tons Japan 4 5 million tons Indonesia 2 7 million tons India 2 6 million tons and other countries in East and Southeast Asia The company has obtained sales contract of 29 million tons Hence the sales target for 2014 has been fully reached During the period the company produced 21 7 million tons Such an amount of output

    Original URL path: http://www.itmg.co.id/en/page/media-center/news/detail/95/net-income-slightly-rises-amidst-declined-price (2016-02-16)
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  • PT Indo Tambangraya Megah Tbk
    Tambangraya Megah Tbk booked a sales volume of 13 9 million tons a slight decrease by 1 from 14 million tons in the same period last year During the period PT Indo Tambangraya Megah Tbk booked a sales revenue of USD 965 million a slight decrease by 11 from USD 1 090 million in the first half of 2013 due to a decrease in average coal selling price from USD 78 4 per ton in the same period last year to USD 69 7 per ton in the first half of 2014 Such a decrease resulted from oversupply and slowdown in global market Cost management strategy centered on efficiency has managed to lift up the gross profit margin from 20 to 23 year on year Likewise EBIT Earning Before Interest and Tax rose by 6 from USD 137 million to USD 145 million The sales volume target for 2014 was 30 million tons Out of that target 96 has been contracted In the first half as much as 13 9 million tons of coal was delivered to among others China Japan Indonesia India and other countries in East and Southeast Asia In the first half of 2014 PT Indo Tambangraya

    Original URL path: http://www.itmg.co.id/en/page/media-center/news/detail/94/extensive-efficiency-lifts-net-income-up (2016-02-16)
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  • PT Indo Tambangraya Megah Tbk
    Pak Tulus Situmeang and Pak Jusnan Ruslan on behalf of PT Jorong Barutama Greston In the letter it was stated that the company expressed thankfulness to PT Jorong Barutama Greston that had assisted in preventing dust creation during coal unloading providing additive chemical substance as well as installing spray coal coating equipment in its coal unloading system Previously the power plant situated in West Java s regency of Cilacap obtained complains from the community as the unloading process had created lots of dust spreading to the people s settlement As a consequence people said they suffered from respiratory illness Such a people s discomfort then became local political issue after drawing high attention from local government politicians and NGOs Later Cilacap Coal Fired Power Plant asked Jorong to deal with this issue The subsidiary of ITM then provided it with technical advice which was then applied to its system making dust creation decrease effectively and no longer complain from community To date Cilacap Coal Fired Steam Power Plant is one of loyal customers of ITM that supplies 25 of its coal requirement through PT Jorong Barutama Greston In addition through another its subsidiary PT Indominco Mandiri ITM also has received

    Original URL path: http://www.itmg.co.id/en/page/media-center/news/detail/93/itm-assists-cilacap-power-plant-in-overcoming-air-pollution- (2016-02-16)
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  • PT Indo Tambangraya Megah Tbk
    booked a sales volume of 7 1 million tons equivalent to that one in 2013 The average coal selling price in the first quarter of 2014 was recorded USD 71 per ton or dropped by 11 from USD 80 per ton in the same period last year as a consequence of a slowdown in global coal demand In this period too PT Indo Tambangraya Megah Tbk recorded a sales revenue of USD 504 million a decrease by 10 from USD 563 million in the first quarter of 2013 resulted from lower average coal selling price from USD 80 per ton to USD 71 per ton Cost management strategy centered on efficiency has managed to lift up the gross profit margin from 20 to 26 Likewise EBIT Earning Before Interest and Tax rose by 28 from USD 68 million to USD 87 million The sales volume target for 2014 was 29 7 million tons In the first quarter as much as 7 1 million tons of coal was delivered to among others China Japan Indonesia India and other countries in East and Southeast Asia Out of that aforementioned sales volume target 79 has been contracted In the first quarter of 2014

    Original URL path: http://www.itmg.co.id/en/page/media-center/news/detail/92/net-income-rises-significantly-due-to-intense-efficiency (2016-02-16)
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  • PT Indo Tambangraya Megah Tbk
    9 per ton or 17 lower than USD 90 per ton in the previous fiscal year With 7 higher sales volume year on year to 29 1 million tons in accordance with the target for 2013 the company booked a sales revenue of USD 2 179 million or slightly 11 lower than USD 2 439 million in the same period last year Lower average selling coal price made gross profit margin decrease to 23 from 30 year on year Likewise EBIT went down by 40 from USD 558 million in 2012 to USD 337 million this year The company recorded a net income of USD 230 million or 47 lower than USD 432 million in the same period in the preceding year Throughout 2013 an amount of 29 1 million tons of coal was sent to among others China 8 1 million tons Japan 4 6 million tons Indonesia 3 2 million tons India 2 5 million tons and other countries in East and Southeast Asia In 2013 the company produced 29 4 million tons or slightly higher than the determined 29 million tons of target for the year versus actual production of 27 5 million tons in 2012 To

    Original URL path: http://www.itmg.co.id/en/page/media-center/news/detail/91/production-target-achieved-itm-goes-on-with-efficiency (2016-02-16)
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  • PT Indo Tambangraya Megah Tbk
    providing them on February 3 with proper used clothes mattress and school supplies as well as offering free medical service to the populace in Rengasdengklok Sub district in West Java s regency of Karawang In this sub district around 600 households who were affected by the flood reside in Sukasari Village and Kalangsari Village When ITM Care was held the flood had been submerging their houses for 3 weeks with an elevation of 0 8 to 2 meters preventing inhabitants most of whom are farmers from cultivating land or performing other activities From free medical service offered to 500 local patients it was found that most of them were suffering from itching upper respiratory tract infection such as cough cold and fever During the flood they required staple foods cleaning tools and trauma healing Out of that number ten of the flood victims were ITM staffs Three of them really needed serious reliefs since they were encountering flood as high as adult neck In cooperation with ACT an acronym for Aksi Cepat Tanggap or Immediate and Responsive Action a nonprofit organization engaged in humanitarian activities ITM Care channeled reliefs from both management and staffs In this regards we collected the

    Original URL path: http://www.itmg.co.id/en/page/media-center/news/detail/90/itm-eases-flood-victims%C3%A2%C2%80%C2%99-hardship (2016-02-16)
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