Company Profile of Atlas Resources: an Indonesian Coal Mining Company
Indonesia Investments has added the company profile of Atlas Resources to the Indonesian Companies' database. Atlas Resources is an Indonesian coal mining company that targets for business growth through acquisitions, explorations and development (with a focus on smaller scale regional coal concessions). Similar to other Indonesian coal miners, the company has to cope with weak global coal demand and the subsequent weak coal price. The company's exploratory and production activities are mainly conducted on Sumatra and Kalimantan.
Financial results for the first half of 2013 are not available yet on the official website of Atlas Resources. In the first quarter of 2013, the company's net losses fell to USD $4.3 million from a net profit of USD $1.2 in the same quarter a year earlier.
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Stock Quote Atlas Resources - ARII:
Atlas Resources' Operational Highlights:
| 2010 | 2011 | 2012 | |
| Production Volume (tons) |
1,252,267 | 1,210,334 | 1,332,453 |
| Sales Volume (tons) |
1,429,530 | 1,150,707 | 1,214,523 |
| Average Selling Price (US$) |
43.49 | 75.87 | 78.41 |
| Volume Overburden (BCM) |
9,708,130 | 14,150,166 | 15,159,886 |
| Strip Ratio |
7.75:1 | 11.46:1 | 11.38:1 |
Source: Atlas Resources, Annual Report 2012
Atlas Resources' Financial Highlights:
| 2010 | 2011 | 2012 | |
| Net Sales | 65,246 | 91,052 | 97,240 |
| Gross Profit | 8,974 | 27,135 | 16,566 |
| Net Income (loss) |
1,273 | 2,468 | (11,150) |
| Operating Income (loss) |
1,273 | 2,468 | (11,150) |
| Total Assets | 59,366 | 256,651 | 299,105 |
| Total Liabilities | 35,651 | 100,842 | 154,799 |
| Earnings per Share¹ | - | 0.00147 | (0.00355) |
in thousand US dollar unless otherwise stated
¹ in US dollar
Source: Atlas Resources, Annual Report 2012