Toba Bara Sejahtera (TOBA), controlled by Lt General (ret) Luhut Panjaitan—one of key supporters of president elect Joko ‘Jokowi’ Widodo, is one of few coal producers listed on Indonesia Stock Exchange (IDX) with strong performance in the first half of 2014. Its net profit jumped 69%, thanks to 31.2% growth in sales revenue. Also in this report: Bayan Resources and Harum Energy.
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