Reuters: Hot Stocks: Indonesia's Bumi Resources shares slide after H1 net loss

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Indonesia's Bumi Resources shares slide after H1 net loss Aug 28th 2012, 03:13 JAKARTA | Mon Aug 27, 2012 11:13pm EDT JAKARTA Aug 28 (Reuters) - Shares in Indonesia's Bumi Resources, Asia's biggest thermal coal exporter, fell over 12 percent to a three-year low on Tuesday after the company reported a net loss in the first half of the year. Bumi made a net loss of $322.1 million in the January-June period, compared with a restated net profit of $231.7 million in the same period last year, because of higher costs and lower coal prices, the firm said on Sunday. The stock also fell 5 percent on Monday but trade was limited and lacked transparency due to technical problems that halted trading on Indonesia's stock exchange. By 0309 GMT the stock was trading down 11.2 percent at 790 rupiah, the lowest since March 2009. Turnover was the highest on the exchange, with over 103 million shares traded. The Jakarta Composite Index was down 0.1 percent.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions