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| Name | Symbol | Market | Type |
|---|---|---|---|
| PT Vale Indonesia TBK (PK) | USOTC:PTNDY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.8425 | 12.22 | 13.60 | 0.00 | 21:02:10 |
From Jun 2019 to Jun 2024
By Andreas Ismar
JAKARTA--Nickel miner PT Vale Indonesia (INCO.JK, PTNDY) said Monday its first-half net profit plunged 98% as commodity prices fell.
The Indonesian unit of Vale SA (VALE) booked a net profit of $5.52 million for the January-June period, down from $238.15 million a year earlier. Sales fell to $425.38 million from $715.38 million.
The company's cost of goods sold, however, rose to $381.52 million from $366.67 million, resulting in a gross profit of $43.87 million. Gross profit a year earlier was $348.71 million.
Vale Indonesia said in a filing to the stock exchange that its average selling price in the first half fell to $14,535 per metric ton from $20,052 a year earlier. It sold 28,763 metric tons of matte nickel compared with 35,127 tons a year earlier.
Write to Andreas Ismar at andreasismar.sandiwan@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year PT Vale Indonesia TBK (PK) Chart |
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