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Indonesia’s Adaro Q1 Net Profit Up 11%

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Reuters reported that profits for India coal company Adaro Energy (PINK:ADOOY) were up due to rising coal prices.

Reuters reported that profits for India coal company Adaro Energy (PINK:ADOOY) were up due to rising coal prices.

The market news is quoted as saying:

Adaro owns a 25 percent stake in the project that has seven coal concessions with resources of 774 million tonnes of metalurgical coal.

To read the full market news, click here.

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