PT Harum Energy Tbk (HRUM) through its subsidiary, PT Harum Nickel Perkasa (HNP) has increased the paid-up capital in PT Tanito Harum Nickel (THN) worth IDR 13.35 billion on September 13 2023.
The increase in THN capital was carried out by HNP by purchasing 12,621 THN shares from PT Mahkota Emas Nickel (MEN).
Ray A Gunara, President Director of HRUM, in a written statement in Jakarta, quoted on Friday (15/9) stated that with the additional capital of the above amount, the Company's share ownership in THN, directly and indirectly, increased to 99%, from the previous 95%.
The purpose of the transaction, according to Ray, is to increase HRUM's ownership in nickel management and refining business activities.
The purchase of THN shares, according to Ray, did not have a material impact on HRUM's operational activities, law, financial condition and business continuity in the long term.
HRUM posted revenue of USD 492.24 million in January-June 2023, growing 30.4% from USD 377.45 million in the same period in 2022.
From this income, the coal issuer made a profit of USD 150.60 million in January-June 2023, an increase of 3.16% compared to USD 145.98 million in January-June 2022.
In trading on the IDX, Thursday (14/9) HRUM shares amounted to IDR 1,800, an increase of IDR 40 compared to the previous day's closing.
In the period 30 December 2022 to 13 September 2023, HRUM's share price rose 4.6%.
Image source: Harum Energy