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J Resources' Revenue Surges 121 Percent in the Third Quarter of 2023

MNC Media

Fri 17 Nov 2023, 08:00 AM



PT J Resources Asia Pasifik Tbk (PSAB), also known as J Resources, demonstrated improved performance in the third quarter of 2023. The company reported revenues of USD 93 million, a remarkable 121% increase compared to the same period in September 2022.

This achievement was supported by the operational side which also increased by recording total gold production up to September 2023 of 50,151 ounces, an increase of 7,114 ounces or up 16.5% compared to the achievement in September 2022 which amounted to 43,037 ounces.

The total gold sales by J Resources until September 2023 amounted to 49,198 ounces, representing an increase of 6,199 ounces or a 14.4% rise compared to the performance in September 2022, which was 42,999 ounces.

J Resources recorded a gross profit of USD 51.2 million up to September 2023, showing an increase of USD 19.2 million compared to September 2022 when it stood at USD 32 million. Additionally, the operational profit of J Resources up to September 2023 amounted to USD 23.6 million, reflecting a significant increase of USD 16.1 million compared to September 2022, which was USD 7.5 million.

Image source: MNC Media

Source: J Resources Melesat 121 Persen di Kuartal III-2023


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