PT Atlas Resources Tbk 2016 AR2
The report highlights PT Atlas Resources Tbk's performance and operations for the fiscal year 2016. During the year, the company faced significant challenges due to low global coal prices, resulting in a 59% decrease in revenue to US$11.64 million and a net loss of US$25.48 million. In response, the company focused on efficiency measures, reducing operating expenses by 26%. Despite the downturn, the company continued infrastructure development at the Mutara Hub and maintained its commitment to corporate social responsibility, allocating Rp 324.8 million to community programs.
Company: PT Atlas Resources Tbk
Sector: Mining & quarrying
Country: Indonesia
Year: 2016
Type: AR2
Pages: 218
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PT Atlas Resources Tbk
Annual Report
The report highlights PT Atlas Resources Tbk's performance and operations for the fiscal year 2016. During the year, the company faced significant challenges due to low global coal prices, resulting in a 59% decrease in revenue to US$11.64 million and a net loss of US$25.48 million. In response, the company focused on efficiency measures, reducing operating expenses by 26%. Despite the downturn, the company continued infrastructure development at the Mutara Hub and maintained its commitment to corporate social responsibility, allocating Rp 324.8 million to community programs.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English, Indonesian
Pages
File Size
Standards & Assurance
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees