Bumi Resources (BUMI), Indonesia’s largest coal producer, booked net profit of US$349 million in the first quarter of 2014 against net loss of US$62.91 million in the corresponding period of 2014. This, however, was attributable to US$747 million gain in divestment of 10% shares in Kaltim Prima Coal (KPC) as part of debt restructuring with China Investment Corporation (CIC).
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