Management Discussion & Analysis

9M 2018 Summary And Highlights

Important Note: The results provided below reflect the unaudited consolidated results of PT Harum Energy Tbk. (“Company”) for the 9-month period ending 30 September 2018, which include the results of PT Mahakam Sumber Jaya (“MSJ”), PT Layar Lintas Jaya (“LLJ”), PT Tambang Batubara Harum (“TBH”), PT Karya Usaha Pertiwi (“KUP”), PT Bumi Karunia Pertiwi (“BKP”), PT Santan Batubara (“SB”), Harum Energy Australia Ltd and Harum Energy Capital Ltd. The report below is prepared by the management and unaudited.

  • The Company’s Average Sales Price improved by 13.4% in 9M 2018 to USD 72.2 per tonne from USD 63.7 per tonne achieved in the same period last year. The ASP achieved in 3Q 2018 is USD 69.9 per tonne, a 4.5% decrease from USD 73.1 per tonne in 2Q 2018.
  • Coal production in 3Q 2018 is 1.3 million tonnes, an increase of 61.7% over the production level in 2Q 2018. In 9M 2018, the Company produced 2.9 million tonnes and sold 3.1 million tonnes of coal.
  • FOB Vessel Cash Cost for 3Q 2018 improved to USD 42.4 per tonne, or 4.2% lower than in 2Q 2018. In 9M 2018, the FOB Vessel Cash Cost increased by 15.3% to USD 42.5 per tonne from USD 36.8 per tonne in the same period a year ago
  • Total revenues recorded in 9M 2018 is USD 233.0 million, or 2.3% lower than the same period last year

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