Indo Tambangraya Megah (ITMG) booked net profit of US$23 million in the first quarter of 2016, dropped 39% from the corresponding period of 2015 due to falling coal prices and squeezed margins. Unlike Adaro Energy (ADRO), which also suffered from weak coal prices but reported higher margins, ITMG saw its operating profit margin declining 16%.To subscribe please click here
