Bumi Resources (BUMI), the largest coal producer in Indonesia, booked net profit of US$168 million in the first half of 2014 against net loss of US$248.6 million in the corresponding period of 2013. This has contributed to 13.17% gain of BUMI on Friday (July 25). With negative equity of US$242.5 million, however, the company needs another round of debt restructuring and immediate improvement in the coal market.
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