Issuer coal contractor PT Delta Dunia Makmur Tbk. (DOID) posted an increase in net income to US$1.55 billion or equivalent to Rp.23.88 trillion in 2022 (jisdor exchange rate of Rp.15,380). Meanwhile, DOID recorded a net profit of IDR 453.21 billion, an increase of 10,107 percent. Based on DOID's consolidated financial report data, the issuer's revenue rose 70.65 percent to US$1.55 billion from the previous year which was recorded at US$910.54 million. The increase in revenue came from heavy equipment rental services by PT Berau Coal by 30 percent or US$467.61 million, PT Indonesia Pratama by US$270.51 million or 17 percent of total revenue. Then PT Adaro Indonesia with 15 percent or the equivalent of US$225.61 million and BM Alliance Coal Operations Pty Ltd. US$159.85 million or 10 percent of total revenue.
Along with increased revenue, DOID's cost of goods also swelled 79.87 percent to US$1.34 billion, or the equivalent of Rp.20.60 trillion compared to the previous year which was recorded at US$775.68 million. As a result, DOID's gross profit was recorded at US$203.75 million or equivalent to Rp.3.22 trillion. Meanwhile, profit for the year was recorded at US$28.63 million or equivalent to Rp453.21 billion. This figure was observed to have increased by 10,107.13 percent compared to the previous year which was only recorded at US$280,546 or the equivalent of Rp.4.44 billion. Meanwhile, this coal mining issuer posted liabilities of US$1.31 billion, equivalent to Rp.20.14 trillion, with details of long-term liabilities of US$895.39 million and short-term liabilities of US$419.46 million.
Image source: market.bisnis.com
