PT Adaro Energy Tbk announced unaudited consolidated earnings and production results for the nine months ended September 30, 2014. For the period, net revenue was $2,507,461,000 against $2,434,856,000 a year ago. Operating income was $471,879,000 against $535,895,000 a year ago. Profit before income tax was $371,663,000 against $448,953,000 a year ago. Net income was $224,943,000 against $315,217,000 a year ago. Cash flows provided from operating activities was $500,448,000 against $516,792,000 a year ago. Purchase of fixed assets was $46,098,000 against $102,946,000 a year ago. Payment for addition of mining properties was $38,190,000 against $29,638,000 a year ago. Payment for addition of exploration and evaluation assets was $70,000. EBITDA was $701 million against $630 million a year ago. Net debt was $1,215 million against $1,690 million a year ago. Capital expenditure was $149 million against $137 million a year ago. Free cash flow was $407 million against $456 million a year ago. Basic earnings per share (EPS) were $0.00689 against $0.00988 a year ago. Net income decreased 29% to $225 million mainly due to the inclusion of a gain from the Balangan acquisition in 2013.

For 2014, the company expects production of 54 Mt to 56 Mt. The company also expects capital expenditure of $200 million to $250 million.

For the nine months, the company's production volume was 41.9 Mt against 38.7 Mt and overburden removal was 241.7 Mbcm against 223.0 Mbcm a year ago.