Home / Directory / List News / Detail News

ADMR posts US$ 342 million profit last year

idnfinancials.com

Thu 02 Mar 2023, 12:00 PM

Share

Events

The core profit of PT Adaro Minerals Indonesia Tbk (ADMR) skyrocketed 112.42% in 2022 along with a 97% increase in revenue. This growth was driven by an increase in production volume and coal prices over the past year.

Christian Ariano Rachmat, President Director/Chief Executive Officer of PT Adaro Minerals Indonesia Tbk (ADMR) said that the company posted a profit of US$ 342 million, up from US$ 161 million in 2021. The increase in profit was driven by revenue growth to US$ 908.14 million, from a similar period in 2021 as much as US$ 460.17 million.

"Performance throughout 2022 has been satisfactory in terms of conducive market conditions, seen in the strong prices in 2022," he said in a press release quoted on Thursday (2/3).

The average selling price (ASP) rose 42% and sales volume rose 39% to 3.2 million tonnes from 2.30 million tonnes in 2021. Overburden removal reached 8.32 mbcm, up from 5.15 mbcm during 2021. (LK/LM)

Source: https://www.idnfinancials.com/news/46170/admr-posts-profit

Advertisement

Relate News

News
11 Nov 2022, 10:00 AM

Expanding to Australian Market, DAHANA Attends IMARC Australia 2022

www.antaranews.com
2566 Views
News
02 Jul 2024, 10:35 AM

PTBA Strengthens Efficiency to Maintain Positive Performance

ANTARA FOTO/Nova Wahyudi
1492 Views
News
20 Oct 2022, 08:00 AM

MIND ID Targets 28% Reduction in Carbon Emissions by 2030

www.suara.com
2576 Views
News
04 Nov 2022, 09:00 AM

Supports Jokowi to Ban Tin Exports Vice Minister: Downstream Mining Will Absorb Local Workers

bisnis.tempo.co
2440 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.