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
26 Sep 2023, 08:00 AM

Nickel Industries Limited Appoints Muliady Sutio as Non-Executive Director

https://nickelindustries.com/
2690 Views
News
01 Sep 2023, 09:00 AM

Geo Energy Invests in EV Producer Charged Asia

dinsights.katadata.co.id
3053 Views
News
20 Feb 2024, 12:00 PM

MIND ID Group's Reclamation Program Implements Good Mining Governance

KONTAN / Doc. MIND ID
2212 Views
News
29 Nov 2023, 09:00 AM

Antam to sign joint venture deal on EV battery plant in December

Antam
3863 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.