News Release : 2014
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2 Apr 2014
Moody’s: Weak coal price weighs on Indika’s FY2013 earnings
Moody’s Investors Service commented that PT Indika Energy Tbk’s (Indika) full-year 2013 earnings decline was driven by a weak coal pricing environment, but remains broadly in line with expectations. There is no immediate impact on the company’s B1 corporate family rating due in large part to Indika’s commitment to prudent balance sheet and liquidity management.
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27 Mar 2014
Indika Energy Results for the Period Ended December 31, 2013
Higher operating profit offset by a decline in earnings from associated companies and one-off exceptional charges
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28 Feb 2014
Tripatra – Consortium Signs the First Deepwater Development Project in Indonesia
A consortium between PT Tripatra Engineers & Constructors (“Tripatra”), a subsidiary of PT Indika Energy Tbk. (“Indika Energy”), PT Saipem Indonesia, PT Chiyoda International Indonesia and Hyundai Heavy Industries Co. Ltd., have signed a US$1.1 billion contract from ENI Muara Bakau BV., for the development of a new Floating Production Unit (FPU) in the Jangkrik Complex, Muara Bakau permit area, Makassar Strait, offshore of Kalimantan.