In the first semester of 2023, PT Merdeka Copper Gold Tbk (MDKA) posted operating revenues of USD 520.03 million. This business revenue grew 52.32% year on year (yoy) compared to USD 341.40 million in the same period in 2022. This information was conveyed by the company in a press release in Jakarta, yesterday.

Meanwhile, the company's business income is dominated by the sales segment of gold, silver, copper cathodes and ferronickel to third parties in the export market valued at USD 354.63 million, while to third parties in the domestic market it was recorded at USD 166.78 million. In terms of projects, the nickel project contributed USD 350.97 million to overall business revenue, followed by the Tujuh Bukit project contributing USD 98.10 million and the Wetar project contributing USD 68.87 million, and others worth USD 48. 56 million.

As revenue increased, cost of revenue also increased 99.96% (yoy) to USD 473.89 million, compared to USD 236.99 million in the same period in 2022. Processing costs were the largest contributor to cost of revenue at USD 513.82 million, followed by mining costs at USD 55.24 million, depreciation costs at USD 44.24 million, amortization costs at USD 10.10 million, and refining costs at USD 701.54 thousand.

However, amidst the increase in operating income, the company posted a net loss of USD 49.21 million during semester I-2023, compared to previously posting a profit of USD 96.79 million in the same period in 2022.

Image Source: www.neraca.co.id

Source: www.neraca.co.id/Pendapatan Merdeka Copper Tumbuh 52.32%