Harum Energy, A Coal Mining Company Owned By The Kiki Barki Conglomerate To Raise IDR 826 Billion Profits In 2020
JAKARTA - The coal mining company, PT Harum Energy Tbk, recorded a net profit growth in 2020. This issuer coded HRUM shares posted a net profit of 59 million US dollars, equivalent to Rp826 billion (exchange rate of 14,000 per US dollar).
Quoted from Harum Energy's financial report published on the Indonesia Stock Exchange (IDX) website, Tuesday 6 April, the profit achievement in 2020 rose to 218.92 percent when compared to 2019 which recorded a profit of 18.5 million US dollars or equivalent to Rp259 billion. .
Earnings per share also rose to US $ 0.02328 or equivalent to Rp326 from the previous year which was valued at 0.00721 to Rp101.
Although net profit grew, the company's revenue from sales in 2020 fell by 39.9 percent from US $ 262.59 million or equivalent to Rp.3.67 trillion in 2019 to US $ 157.82 million or equivalent to Rp.2.2 trillion in 2020.
Even though in 2020 the cost of goods sold for the company owned by the conglomerate Kiki Barki also experienced a decline. Cost of goods sold decreased to US $ 114.58 million or equivalent to Rp1.6 trillion from the previous US $ 195.06 million or equivalent to Rp2.73 trillion.
The assets of the company of the 78th richest person in Indonesia experienced a growth of 11.57 percent to 498.7 million US dollars or equivalent to Rp6.98 trillion from the previous year's position of 447 million US dollars or equivalent to Rp6.25 trillion.
Current assets were recorded at US $ 249.45 million or equivalent to Rp3.49 trillion, a slight decrease from US $ 288.38 million or equivalent to Rp4.03 trillion. As for non-current assets, there was an increase of 57.14 percent to 249.24 million US dollars or equivalent to IDR 3.48 trillion from previously only 158.61 million US dollars or equivalent to IDR 2.22 trillion.
HRUM shares closed up 8.08 percent today at a price of IDR5,350 per share. Kiki Barki is a Forbes $ 500 million tycoon, or around Rp. 7 trillion.