JAKARTA, July 4 (Reuters) - Bumi Resources, Asia's biggest thermal coal exporter, posted a net loss of $100.4 million in the first-quarter of 2012 due to global uncertainty and the weakening rupiah, the company said on Wednesday.
Bumi, controlled by the politically-connected Bakrie family and part-owned by financier Nathaniel Rothschild, said the worse-than-expected euro zone debt crisis caused the rupiah's weakening and the decline in its share price, which has led to losses in derivative assets and foreign exchange.
The company posted a restated $108.2 million net profit in the first quarter of 2011.
First-quarter revenue grew 19 percent to $1 billion, compared with restated revenue of $849.9 million in the same period a year ago, the company said in a statement.
Analysts forecast Bumi's 2012 net profit at $395 million, according to Thomson Reuters I/B/E/S.
Bumi expects to produce 75 million tonnes of coal this year with an expected average selling coal price of $85 per tonne, the company said.
Shares in Bumi gained more than 8 percent in the first quarter of 2012 to outperform the Jakarta index, which is up around 0.4 percent in the same period.