Cash and cash equal of PT Bumi Resources Tbk in quarter I/ 2010 declined into US$59.62 million as from US$140.06 million last year while the debt is swelling up.
In the finance statement March 31, 2010 recently submitted to IDX yesterday, it shows the short and long run debt of the company stands at US$2.78 billion.
The figure might be swelling given that the company has just signed loan agreement worth US$125 million and IDR50 billion March -April. The largest coal producer with Singapore UBS AG as the underwriter on April agreed the US$75 million loans provided by some creditors.
Loan facility has 90 days tenure. In turn, Bumi insures the stocks of the subsidiary firm, PT Sitrade Coal, Kalimantan Coal Ltd, Sangatta Holding Ltd, and Forerunner International Ptd Ltd.
At the same time, Bumi also has US$50 million debt agreement with 2 years tenure with the Deutsche Bank AG as the arranger. For this debt, the company insures stocks of PT Sitrade Coal, Kalimantan Coal Ltd, Sangatta Holding Ltd, dan Forerunner International Ptd Ltd.
Up to March, the total of corporate short term loans stood at US$442.79 million and the long term loan US$2.34 billion.
For the first quarter 2010, Bumi booked US$96.81 million net profits or dropped 22.27 percent as from US$124.54 million last year. Net profit dropped due to the soaring revenue and business costs. The revenue grows by 22.12 percent from US$832.66 million into US$1.01 billion.
In the finance statement March 31, 2010 recently submitted to IDX yesterday, it shows the short and long run debt of the company stands at US$2.78 billion.
The figure might be swelling given that the company has just signed loan agreement worth US$125 million and IDR50 billion March -April. The largest coal producer with Singapore UBS AG as the underwriter on April agreed the US$75 million loans provided by some creditors.
Loan facility has 90 days tenure. In turn, Bumi insures the stocks of the subsidiary firm, PT Sitrade Coal, Kalimantan Coal Ltd, Sangatta Holding Ltd, and Forerunner International Ptd Ltd.
At the same time, Bumi also has US$50 million debt agreement with 2 years tenure with the Deutsche Bank AG as the arranger. For this debt, the company insures stocks of PT Sitrade Coal, Kalimantan Coal Ltd, Sangatta Holding Ltd, dan Forerunner International Ptd Ltd.
Up to March, the total of corporate short term loans stood at US$442.79 million and the long term loan US$2.34 billion.
For the first quarter 2010, Bumi booked US$96.81 million net profits or dropped 22.27 percent as from US$124.54 million last year. Net profit dropped due to the soaring revenue and business costs. The revenue grows by 22.12 percent from US$832.66 million into US$1.01 billion.
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