JAKARTA: Indonesian tin producer PT Timah on Thursday said it

JAKARTA: Indonesian tin producer PT Timah on Thursday said it swung to a net profit ofRp 63.9 billion (US$1= Rp8,480) for the first nine months of this year from a loss of Rp 38.7 billion a year earlier due to higher tin prices.

Timah's president Thobrani Alwi said tin prices rose to around $4,752 a metric ton during the period from around $4,206 a year earlier.

He said the higher tin prices pushed Timah's sales up by 26 percent to Rp1.345 trillion from Rp1.066 trillion.

He gave no further details.

Timah, which is the world's largest tin producer, holds exploration and mining rights until 2025 for more than 7,700 square kilometers spread across several islands and offshore areas in the Java Sea.-- Dow Jones ;DJ; ANPAf..r.. Brief-Indonesia-Indosat Indosat net profit raises 30% JP/14/Brief

JAKARTA: PT Indonesia Satellite Corp. said its net profit for the first nine months of this year rose 30 percent to Rp 566.6 billion, from Rp 435.5 billion a year earlier, thanks to the higher revenue contribution from its cellular services.

Total operating revenue rose 27 percent to Rp 6.035 trillion from Rp 4.759 trillion during the same period last year.

The nation's second largest telecommunications company said its cellular business contributed 60 percent to total operating revenues, while its international call services contributed 23.6 percent, internet services 14.9 percent, and other services 1.1 percent.

The company didn't provide further details, saying it will release complete financial results next week.

Indosat is in the process of merging its two cellular units - PT Satelit Palapa Indonesia and PT Indosat Mobile Multi Media, or IM3 - into the firm, to make it easier to refinance its consolidated debt worth around $900 million.

The company has issued $300 million in foreign bonds and Rp 2.5 trillion in local bonds, and Rp 3.165 trillion in syndicated bank loans in an effort to refinance the consolidated debt later this year.-Dow Jones