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ANTAM's Unaudited Income For The Year Attributable To Owners Of The Parent For The First Three Months Of 2013 Increased 22% Over The Same Period Of 2012 To Rp462 Billion

04/30/2013
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Jakarta, April 30, 2013 – PT ANTAM (Persero) Tbk (ASX - ATM; IDX – ANTM; ANTAM) announces its unaudited income for the year attributable to owners of the parent of Rp462 billion and Earnings per Share (EPS) of Rp48.50 for the first three months of 2013, a 22% increase over the unaudited income for the first three months of 2012 of Rp379 billion. The increase was attributed from higher gold and nickel ore sales.

Overall, net sales increased 35.5% to Rp3.34 trillion compared to Rp2.46 trillion in the first quarter of 2012 inline with higher sales of gold and nickel ore.

Gold was the largest contributor to ANTAM's total net sales with Rp1.55 trillion contribution or 46.5% of total net sales. ANTAM's gold sales revenue in the first quarter of 2013 rose 71% over the same period of 2012 due to 63% increase of sales volume to 2,909 kg (93,526 toz). ANTAM's gold was sold in domestic market altogether, reflecting the sustained strong demand of the commodity. In the first quarter of 2013 ANTAM also posted Rp158.6 billion of income from associates and jointly controlled entity.

ANTAM's financial condition remained solid and strong. ANTAM's cash and cash equivalents amounted to Rp3.6 trillion as of March 31, 2013. Current ratio during the period was 261% with interest bearing debt to equity ratio of 35%.

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