Indonesia's Antam reports a surge in net profits of 719%

The mining company reaps the benefits of expansion during a time of high nickel prices.

ItÆs not everyday you get to announce that your net profit has surged 719% in the first quarter to Rp1,073 billion $119 million.

But IndonesiaÆs Antam did just that on Monday. For several years, FinanceAsia has been following the start-and-go expansion efforts of Antam and in the first quarter these efforts finally paid off. A new smelter added to operations over the last quarter, during a time when its core commodity is fetching higher-than-usual prices, gave it a...

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