During this second quarter, high demand for heavy equipment, following the improved commodity prices and better funding liquidity, has driven the market to continue growing. Increased demand across all sectors has encouraged the sales of Komatsu units to jump 95% year-on-year. On the Mining Contracting side, all efforts and experience allowed Pama to achieve 24% increase in coal production and 16% in overburden removal. Meanwhile, coal sales volume from the Mining business unit recorded sales of 1,28 million tons or grew 10% year-on-year.

As the result, the Company’s consolidated revenue increased by 30%, from Rp 13.88 trillion to Rp 18.08 trillion in the first half 2010. The highest increase in revenue was contributed by heavy equipment business unit, followed by Mining Contracting, while Mining business unit experienced a decline, due to the strengthening of Rupiah. To this total net revenue, Construction Machinery contributed 47%, while Mining Contracting contributed 45% and the remaining 8% was contributed by Mining.

Despite the growth of revenue, the Company endured slight unfavorable impact of the strengthened Rupiah, as well as swelled production costs in mining contracting business, due to unusually heavy rainfall during the second quarter. As the result, the Company only booked 4% increase in gross profit, from Rp 3.22 trillion to Rp 3.34 trillion. Combined with some additional other expenses, the resulted net income was only slightly increased, from Rp 1.87 trillion to Rp 1.89 trillion.