Bumi Resources (BUMI), the largest coal group in Indonesia, booked net profit of US$373.25 million last year, skyrocketed from US$67.7 million in 2016, but mostly attributable to US$740.4 million gain on revaluation of assets. Share in net income of associates and joint ventures (mainly Kaltim Prima Coal and Arutmin Indonesia) did jump to US$206.6 million from US$84.25 million in 2016, but this was equal to interest and finance charges.To subscribe please click here
