PT Adaro Energy Indonesia Tbk ( ADRO ) paid coal royalties to the Indonesian government of US$1.21 billion in the first half of 2022. This value increased sharply when compared to the same period in the previous year.
Adaro Energy Indonesia 's President Director and Chief Executive Officer , Garibaldi Thohir, revealed that the increase in coal royalty payments from Adaro reached 315%, where in the first semester of 2021 the royalty paid was US$291 million. The increase was influenced by the increase in coal revenues.
"Royalties paid to the Government of Indonesia together with income tax expense in this period increased 315% to US$1,207 million from US$291 million due to an increase in revenue from coal thanks to the increase in ASP (average selling price)," Garibaldi Thohir explained , Tuesday. , August 30, 2022.
For information, Adaro Energy managed to record a positive performance throughout the first half of this year. Adaro's net operating revenues grew 127% to US$3.54 billion in the first half of 2022. The company's EBITDA posted a record high of 269% to US$2.34 billion. Likewise with Adaro's net profit, the value increased sharply by 613% from US$189 million in H121 to US$1.35 billion in H122, the highest since Adaro's IPO 14 years ago.
"This is triggered by a combination of various factors that occurred in a short period of time, ranging from unpredictable weather which resulted in an increase in demand for our products, to supply shortages that have not been resolved due to heavy equipment procurement problems and bad weather in mining areas. global impact. The biggest impact is due to geopolitical risks from Europe," he continued.
Source: https://wartaekonomi.co.id/read440097/bukan-kaleng-kaleng-royalti-batu-bara-yang-dibayar-adaro-energy-ke-pemerintah-meroket-315-jadi-us121-miliar
