Indonesia coal producer Bumi says 9-month net jumps

The firm, controlled by the family of Indonesia's chief social welfare minister Aburizal Bakrie, made a net profit of $800 million in the January-September period, up from $153 million a year ago, Reuters reported.

Bumi agreed in March to sell stakes in two of its biggest mines, PT Kaltim Prima Coal and PT Arutmin Indonesia, to India's Tata Power for $1.3 billion.

Bumi, which has a market capitalisation of $10.2 billion, had said its coal output this year may top its target of 58 million tonnes if weather conditions are favourable.

The firm reported nine month revenue gained 22.5 percent to $1.65 billion from $1.34 billion a year ago and made a one-off gain of $553.5 million from an investment disposal.