Adaro’s 2019 revenue, profits hit by lower prices

摘要

Indonesia-listed miner, Adaro Energy, recorded a decline in revenue and profits last year on the back of a 13% drop in its average selling price, which was undisclosed. Revenue for Indonesia’s second largest miner was $3.45bn in 2019, a 5% drop from $3.62bn in 2018, while gross profit fell 20% on the year to $0.96bn from $1.21bn in 2018.