Home / Directory / List News / Detail News

Bukit Asam scored IDR 6.2 trillion of net profit, responded to high coal demands

www.idnfinancials.com

Mon 29 Aug 2022, 09:01 AM

Share

Events

PT Bukit Asam Tbk (PTBA) recorded a net profit of IDR 6.2 trillion in the first half of 2022, soaring as high as 246% compared to the number recorded in H1 2021.

PTBA’s recent profit surge in H1 2022 mirrored its revenue that grew 79% year-on-year (yoy) to IDR 18.4 trillion. For comparison, in H1 2021, PTBA collected revenue of IDR 10.29 trillion.

“This triumphant achievement was also supported by the company’s operational activities that have been solid throughout the first half. Highlighting cost leadership in every business line, we implemented the utmost sustainable efficiency,” Apollonius Andwie, Corporate Secretary of PTBA, explained in the official press release.

In H1 2022, PTBA’s coal production volume reached 15.9 million tons, 20% yoy higher. Meanwhile, its sales volume also climbed 13% yoy to 14.6 million tons.

For the record, PTBA had set the coal production volume target to 36.41 million tons by the end of this year. Therefore, the company had met 43.7% of said target until the end of the first half of 2022.

Source: https://www.idnfinancials.com/news/44110/bukit-asam-scored-idr-profit-coal-demands

Advertisement

Relate News

News
18 May 2022, 07:12 AM

Nickel Mines acquires Indonesian nickel-cobalt project

www.asiaminer.com
3373 Views
News
21 Nov 2023, 08:00 AM

Thiess Breaking Ground at HSM

Thiess
2986 Views
News
29 Oct 2024, 06:25 AM

KAI-PTBA and Semen Baturaja increase coal unloading capacity

ANTARA/HO-Humas KAI
472 Views
News
24 Aug 2023, 12:00 PM

70 Million Tons Annual Production, East Kalimantan Set the Biggest World Record

innalar.com
3479 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.