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sakari resources ltd (SSGDF) Snapshot

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sakari resources ltd (SSGDF) Details

Sakari Resources Limited, an investment holding company, engages in the exploration, mining, and marketing of coal in Asia. It owns and operates the Sebuku mine comprising approximately 18,000 hectares on the west portion of Sebuku; and Jembayan mine covering an area of approximately 12,000 hectares in east Kalimantan in Indonesia. The company sells coal primarily to independent power producers. It is also involved in trading activities, as well as provides management and marine engineering services. The company was formerly known as Straits Asia Resources Limited and changed its name to Sakari Resources Limited in August 2011. Sakari Resources Limited was incorporated in 1995 and is headquartered in Singapore. Sakari Resources Limited is a subsidiary of PTT Mining Limited.

Founded in 1995

sakari resources ltd (SSGDF) Top Compensated Officers

Chief Executive Officer and Director
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Chief Financial Officer
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Chief Operating Officer
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President Director of Indonesia Operations
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Company Secretary
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Compensation as of Fiscal Year 2014.

sakari resources ltd (SSGDF) Key Developments

Sakari Resources Limited to Consider Amendment to the Articles

Sakari Resources Limited will consider amendment to the Articles at the annual general meeting to be held on May 9, 2014.

Sakari Resources Limited, Annual General Meeting, May 09, 2014

Sakari Resources Limited, Annual General Meeting, May 09, 2014., at 10:00 Singapore Standard Time. Location: The Chengal 1 Room. Agenda: To consider Directors report and audited accounts for the year ended December 31, 2013; to consider re-election of Mr. Han Eng Juan as a Director; to consider approval of Directors fees of up to SGD 750,000.00; to consider re-appointment of Messrs PricewaterhouseCoopers LLP as auditors; to consider amendment of the Articles; to consider grant of the ExSAP share repurchase mandate; to consider approval of cash proposals to ExSAP participants; to consider approval of amendment of the ExSAP approval of cash proposals to option holders; to consider approval of cash proposals to each Director; and to consider approval of payments to Former Director, Mr. Nicholas Stephens; to consider election of Mr. Thanakorn Poolthanvee as a Director in place of Dr. Chitrapongse Kwangsukstith; and to consider election of Mr. Pitipan Tepartimargorn as a Director in place of Mr. Apisit Rujikeatkamjorn.

Sakari Resources Limited Reports Consolidated Earning Results for the Full Year Ended December 31, 2013

Sakari Resources Limited reported consolidated earning results for the full year ended December 31, 2013. For the period, the company reported net profit after tax was $9,381,000, net profit attributable to equity holders was $9,513,000 or $0.01 per basic and diluted share on revenue of $812,942,000 against net profit after tax and net profit attributable to equity holders was $108,467,000 or $0.10 per basic and diluted share on revenue of $927,268,000 a year ago. Profit before income tax was $19,992,000 compared to $128,991,000 a year ago. Net cash provided by operating activities was $99,645,000 and payments for property, plant and equipment was $99,718,000 compared to net cash provided by operating activities was $173,508,000 and payments for property, plant and equipment was $123,212,000 a year ago.

 

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