Banpu upbeat on second half
Higher prices, volume predicted
- Published: 12 May 2012 at 00.00
- Newspaper section: Business
The SET-listed Banpu Plc, Thailand's largest coal miner, expects its operating performance for the second half of this year will likely be better than in the first half, driven by higher expected coal sales and increased production.
"Sales revenue is expected to grow this year. The coal business, which is our main revenue source, will benefit from higher sales volume and favourable selling prices. Moreover, the power business recorded smooth operations in the first quarter and is expected to maintain its consistent performance," said chief executive Chanin Vongkusolkit.
The company targets coal sales volume of 47-48 million tonnes this year, up from 42 million last year.
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