Home / Directory / List News / Detail News

BUMI made a new revenue record in 2021

www.idnfinancials.com

Thu 05 May 2022, 10:10 AM

Share

Events

PT Bumi Resources Tbk (BUMI) wrote a new record of the highest revenue in 2021, hitting USD 5.42 billion following the coal price surge. This revenue was 47% higher than the gains recorded in 2020 of USD 3.68 billion. Total revenue generated by BUMI throughout 2021 came from the sales of 79 million tons of coals mined by its two subsidiaries, PT Kaltim Prima Coal (KPC) that produced 56.9 million tons and PT Arutmin Indonesia (AI) that generated 22.2 million tons.

With this massive gain in its revenue, BUMI then managed to turn the tide around, bouncing back from the net loss reported in 2020 of USD 338 million. In 2021, the net profit of BUMI reached USD 168 million. Dileep Srivastava, Director and Corporate Secretary of BUMI, confirmed that BUMI has set the 2022 coal production target to 81-89 million tons. “Backed up by the revived optimism in the sector and the coal price positive trend, Bumi Resources wishes to significantly boost its performance in 2022,” he mentioned in the press release last Friday.

Source: https://www.idnfinancials.com/news/42965/bumi-revenue-record

Advertisement

Relate News

News
29 Aug 2022, 11:32 AM

Antam and partners studies to develop the EV Battery project

www.sultra.antaranews.com
2768 Views
News
28 Jul 2023, 10:00 AM

Huayou Cobalt boosts nickel capacity in Indonesia

Huayou Cobalt
3323 Views
News
01 Dec 2022, 10:00 AM

Indonesian tin groups ask the government to consider imposing export restrictions gradually

www.mining.com
3364 Views
News
09 Jul 2024, 14:10 PM

PTBA Awarded Gold Category at BISRA 2024

PT Bukit Asam Tbk (PTBA)
1378 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.