PT ANEKA TAMBANG'S PROFIT CONTINUES DECLINING

Indonesian Commercial Newsletter | June 24, 1991 | Copyright

PT Aneka Tambang's 1991 profit is expected to go down further, following a 1990 decline. Last year, this state enterprise, which manages 8 mines, raised only Rp 49.3 billion in profits, an amount 57.6% lower than the 1989 level of Rp 100.4 billion. The company's projected profit for this year is only around Rp 42.6 billion.

The continuing decline of PT Aneka Tambang's profit is not separable from the fact that the price of nickel in the international market has also been decreasing over the last two years. The price of nickel ore improved quite substantially in 1989, and ...

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