Despite selling a higher volume of coal, state-owned coal miner PT
Tambang Batubara Bukit Asam (Bukit Asam) saw its profits fall in the
first half of this year as the commodity’s price plunged. The publicly
listed coal supplier booked a 31.22 percent drop in net profits to Rp
795.6 billion (US$59.12 million) in the January-June period this year
compared to last year, dragged by weak coal prices, corporate secretary
Joko Pramono said in a statement on Wednesday.