Antam's gold performance strut in 2009
Gold Investing February 8th, 2010
PT Aneka Tambang Tbk (ANTM) recorded 9.84% decline in income in the year 2009. The growth of gold sales performance of 57.75% the company managed to restrain the rate of price decline by 33% ferronickel that makes ferronickel company revenues fell 40%.
This was conveyed in a company statement published on Tuesday (2/2/2010).
In the year 2009, ANTM recorded unaudited revenue of Rp 8.647 trillion, down 9.84% from the year 2008 amounting to Rp 9.591 trillion. Contribution biggest decline came from ferronickel income.
ANTM ferronickel production during 2009 as many as 12,550 tons, down 29% from the year 2008 as much as 17,566 tons. Ferronickel sales volume in 2009 of 14,191 tons, down 17% from the year 2008 as much as 17,025 tons.
The average price of ferronickel received by the company in 2009 amounted to U.S. $ 6,63 / lb, down 33% from the year 2008 amounted to U.S. $ 9.91 / lb. This causes ANTM ferronickel income was recorded at 2.106 trillion in 2009, down 40% from the year 2008 amounting to Rp 3.517 trillion.
ANTM nickel ore production in 2009 of 5.782 million wmt, down 12% from the year 2008 as many as 6.571 million wmt. Nickel ore sales volume of 4.901 million wmt, down 8% from the previous year as many as 5.342 million wmt. Revenue from the company nickel ore reached Rp 1.673 trillion, down 43.38% from the year 2008 amounting to Rp 2.955 trillion.
ANTM gold production in 2009 as much as 2626 pounds, down 7% from the year 2008 as much as 2832 kg. ANTM gold sales volume recorded at 12,893 kg, up 31% from the previous 9820 kg.
The average price of gold revenue the company earned U.S. $ 970.97 / toz, up 11% from the previous U.S. $ 873/toz. ANTM gold income in the export market was recorded at Rp 1.614 trillion, down 23% from the previous Rp 2.098 trillion.
But gold ANTM income in the domestic market reached USD 2.706 billion, soared 322% from the previous USD 641.011 billion. Total income ANTM gold in the domestic market and exports reached USD 4.321 trillion, up 57.75% from the year 2008 amounting to Rp 2.739 trillion.
This means that gold income portion of ANTM took 49.97% of total revenues in 2009 ANTM or contributed the highest contribution of ferronickel income than that of 40.67% and sales of nickel ore for only 19.34%.
