MIND ID Prints Net Profit Of IDR 27.5 Trillion In 2023

JAKARTA - BUMN Mining Industry Indonesia (MIND ID) posted positive performance growth during the 2023 period.

MIND ID managed to record a net profit of IDR 27.5 trillion, growing 22.4 percent from the achievements of the 2022 financial year and 36.3 percent higher than the 2023 RKAP.

The realization of EBITDA MIND ID reached IDR 40.3 trillion, growing 9.7 percent compared to the 2022 financial year and 58.7 percent higher than the 2023 RKAP.

MIND ID's total assets also increased 13 percent yoy to IDR 259.2 trillion and was followed by an increase in equity of up to 18 percent yoy to IDR 129.6 trillion.

In terms of operations, MIND ID managed to maintain the production rate of a number of mining commodities in order to increase the added value of Indonesian mineral resources ranging from nickel, copper, tin, coal, to gold and silver.

President Director of MIND ID Hendi Prio Santoso said that this positive achievement was the result of MIND ID's commitment and Holding Members to continue to maintain the company's operational performance optimally.

The company succeeded in realizing various strategic plans in 2023 so as to encourage strengthening good financial performance.

"This achievement is an achievement for us, and of course we will continue to maintain it. MIND ID has a mandate from the government to be able to manage Indonesian mineral commodities so that they have good added value, and are able to maintain the company's condition so that it continues to be in excellent condition, especially in supporting various government economic programs," he said, quoted on Tuesday, June 11.

Meanwhile, throughout January-December 2023, MIND ID has produced at least 41.90 million tons of coal, 15,300 tons of lead ingot, 214,900 tons of aluminum, 13.44 million tons of nickel, 21,500 tons of ferronickel, 2.01 million tons of bauxite, and 1.2 tons of gold.

Hendi said geopolitical conditions were able to be mitigated by MIND ID and all members of Holding well. Mitigation efforts and anticipation of price fluctuations and exchange rates are an important concern for the company.

"Furthermore, the company is starting to explore new market expansions, as well as maintaining the strengthening of commodity existing market penetrations. Currently, we have a positive side for us in optimizing sales and production of Indonesian minerals," he said.

Hendi ensured the achievement of the target for implementing the National Strategic Project (PSN) in the MIND ID Group including strategic delivery units as set in the 2024 RKAP.

"In the implementation of this PSN, we will proactively carry out various acceleration programs so that they are able to provide maximum added value for the economy," concluded Hendi.