PT Atlas Resources Tbk Announces Consolidated Earnings Results for the Six Months Ended June 30, 2012
PT Atlas Resources Tbk announced consolidated earnings results for the six months ended June 30, 2012. For the period, the company reported revenue of USD 43,585,000 against USD 42,724,000 a year ago. Profit before income tax was USD 706,000 against USD 3,791,000 a year ago. Net profit attributable to owners of the parent was USD 607,000 or USD 0.002 per basic share against USD 3,042,000 or USD 0.0019 per basic share a year ago. Net cash used in operating activities was USD 38,078,000 against net cash provided by operating activities of USD 29,606,000 a year ago. Purchases of property plant and equipment were USD 11,130,000 against USD 3,749,000 a year ago. Exploration and development expenditures were USD 14,220,000 against USD 10,801,000 a year ago.