Timah H1 refined tin output up 10 percent but profits slashed 75 percent

摘要

Indonesia's state-owned tin miner PT Timah Tbk has reported an interim half year net profit of Rp. 23.9 billion, or 75 percent lower than that of Rp. 96.5 billion for the same period in 2005 resulting from higher production costs and lower tin prices. During the second quarter of 2006, world's tin prices tended to improve compared to that of the first quarter of 2006, ranging between 9,750 US dollars and 7, 650 US dollars per ton. Average price received by the Company during the the second quarter was 8,614 US dollars per ton, However, the average price received for the first six month of 2006 was 8,120 US dollars per ton, or 1 percent lower than that of the same period last year of 8,221 US dollars per ton.