April 24, 2019 / 3:16 AM / a year ago

Indonesia's Bukit Asam Q1 coal output up, profit falls on lower price

JAKARTA, April 24 (Reuters) -

* Indonesia’s state-controlled coal miner PT Bukit Asam said on Wednesday its first-quarter coal output rose to 5.70 million tonnes from 5.28 million tonnes in the same quarter last year

* Coal sales in the first quarter rose to 6.65 million tonnes, from 6.30 million tonnes, it said in a statement.

* First-quarter profit fell 21 percent from a year ago to 1.14 trillion rupiah

* The average selling price fell 13 percent on an annual basis in the first quarter

* A fall in Asian coal prices in the first quarter had affected Bukit Asam’s financial performance, chief executive Arviyan Arifin told reporters.

* Australian thermal coal prices registered their biggest weekly fall in a decade in early April as demand plunged with the end of winter and amid worries over the strength of the global economy. (Reporting by Wilda Asmarini; writing by Fransiska Nangoy; editing by Richard Pullin)

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