DJ MARKET TALK:Timah +1.7%;Unaudited 2010 Profit More Than Double

Date : Feb 07 2011, 11:59
Title : News Story
Header : DJ MARKET TALK:Timah +1.7%;Unaudited 2010 Profit More Than Double


Story
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0458 GMT [Dow Jones] Shares of tin miner Timah (TINS.JK) are up 1.7% at
IDR2,925 after CEO Wachid Usman said in a document submitted to parliament
that its unaudited net profit in 2010 more than doubled on-year to IDR802.4
billion, and that selling prices this year will likely remain high. "Erratic
weather is causing supply to diminish, and as the global economy starts to
recover, tin demand will certainly rise," a dealer at local securities says.
(andreasismar.sandiwan@dowjones.com)

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(END) Dow Jones Newswires
February 06, 2011 23:58 ET (04:58 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.- - 11 58 PM EST 02-06-11

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