Indonesia Coal Miner Bumi Q4 Profit Beats Forecasts

Reuters reported that Bumi Resources (JAK:BUMI) posted better profit than expected for 2010.

The market news is quoted as saying:

Bumi, which sees coal prices and demand going up in the medium term after Japan’s recent earthquake and tsunami, posted fourth quarter net profit of $115.58 million, compared with a loss of $169.77 million in the same period a year earlier.

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