Adaro Energy (ADRO) gained almost 9% since Monday to close at Rp1340 Wednesday. The integrated energy company booked net profit of US$167.9 million in the first half of 2014, dropped 32.3% from the corresponding period of 2013, mostly due to US$145.6 million of negative goodwill booked last year. Still, Adaro Energy reported significantly weaker second quarter.
To subscribe please click here