PT Mitra International Resources Tbk has to pay US$1.45 million debt in 9 May. The company failed to pay the debt will impact to dillution 10% shares in Sabre System International Pte Ltd.
Mitra Resources in quarter III/2009 suffered from IDR641.04 billion in losses falling from the IDR64.15 billion net profit raked in 2008. Management mentioned the company up to September 2009 could bok IDR2.02 trillion income or swelling fom IDR453.17 billion in September 2008.
However, the high direct service cost standing at IDR1.43 trillion, other costs worth IDR1.09 trillion, and IDR121.45 billion tax, had led the decreasing corporate performance.
However, the high direct service cost standing at IDR1.43 trillion, other costs worth IDR1.09 trillion, and IDR121.45 billion tax, had led the decreasing corporate performance.
Mitra International still booked loss from performance in quarter III/2009 as it still amortized the impact of PT Apexindo Pratama Duta Tbk acquisition and consolidated the lending rate.
The report explained the total largest revenue is derived from the drilling service worth IDR1.6 trillion, floating production storage offloading (FPSO) worth IDR108.16 billion, and transportation service worth IDR89.5 billion.
Mitra International also booked profit from derivative transactions worth IDR240.2 billion as from the IDR27.78 billion losses. The corporate performance was slashed down by bond coupon cost of IDR189.52 billion, bank lending rate and penalty worth IDR691.99 billion.
The falling performance has declined the total cash up to September 2009 into IDR789.91 billion as from IDR1.69 trillion.
The company total obligation per September stood at IDR10.7 trillion or slightly rose from the achievement in 2008 with IDR10.52 trillion. The total obligation per quarter III/2009 consisted of the current obligation worth IDR8.05 trillion and non current IDR2.54 trillion.
On October 2, 2009, PT Apex Landring Indonesia, the subsidiary of PT Apexindo Pratama Duta Tbk, signed joint operation agreement with PT Permata Drilling International, in which Apex Landring agreed to provide Rig 2 and all drilling equipment as stipulated by the contract involving Permata Drilling and Pertamina EP.
The report explained the total largest revenue is derived from the drilling service worth IDR1.6 trillion, floating production storage offloading (FPSO) worth IDR108.16 billion, and transportation service worth IDR89.5 billion.
Mitra International also booked profit from derivative transactions worth IDR240.2 billion as from the IDR27.78 billion losses. The corporate performance was slashed down by bond coupon cost of IDR189.52 billion, bank lending rate and penalty worth IDR691.99 billion.
The falling performance has declined the total cash up to September 2009 into IDR789.91 billion as from IDR1.69 trillion.
The company total obligation per September stood at IDR10.7 trillion or slightly rose from the achievement in 2008 with IDR10.52 trillion. The total obligation per quarter III/2009 consisted of the current obligation worth IDR8.05 trillion and non current IDR2.54 trillion.
On October 2, 2009, PT Apex Landring Indonesia, the subsidiary of PT Apexindo Pratama Duta Tbk, signed joint operation agreement with PT Permata Drilling International, in which Apex Landring agreed to provide Rig 2 and all drilling equipment as stipulated by the contract involving Permata Drilling and Pertamina EP.
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