With intensive efficiency in the first place, PT Indo Tambangraya Megah Tbk. has managed to book positive performance in the first half year of 2016 amidst prolonged weak coal price due to oversupply in the market. The good news is that all global coal indexes have seen a significant rising trend.
PT Indo Tambangraya Megah Tbk. managed to achieve a better performance during third quarter 2015. The company booked a 23% increase in net income to USD 25 million from USD 20 million in the previous quarter.
Amidst current weakening coal selling price, a positive sign has appeared in the introduction of the year. PT Indo Tambangraya Megah Tbk. in the first quarter booked an increase of 20% in net income to USD 38 million from USD 32 million in the previous quarter.