Adaro Energy (ADRO), an integrated energy company, booked net profit of US$222.4 million in the first half ended June 30, 2017, jumped by 82% from the corresponding period last year. Higher average selling price of coal contributed to the strong performance. Unfortunately, shares of ADRO ended significantly lower by 2.8% Monday to reflect PE multiple 10 only on annualized earnings in the first half.To subscribe please click here
