Gold Sales Soar, Antam Earns IDR 1.17 Trillion Profit In The Third Quarter Of 2021

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Aneka Tambang Tbk or Antam recorded a net profit surge of 104.65 percent or IDR 1.71 trillion at the end of the September 2021 period. This figure increased compared to the same period last year, where Antam earned a net profit of IDR 835.78 billion.

Antam's Corporate Secretary, Yulan Kustiyan, explained that the profit was the result of an increase in the company's revenue by 46.78 percent or equivalent to Rp. 26.48 trillion at the end of September 2021.

Furthermore, Yulan said that this year's revenue increased significantly compared to the same period last year of Rp. 18.04 trillion.

"The increase in revenue resulted from soaring Antam's sales," he said in a virtual press conference, Thursday, December 23.

Yulan explained that the sales surge occurred in the gold mining segment. Where the increase was 36.10 percent to Rp. 17.67 trillion, compared to the same period last year, which was Rp. 12.98 trillion.

Then, said Yulan, Antam's ferronickel, nickel ore and alumina sales also recorded an increase. As for each to Rp.4.34 trillion, Rp.3.25 trillion and Rp. 638.06 billion.

Yulan also explained that the company's revenue was also followed by an increase in cost of goods sold which increased to Rp21.34 trillion from the previous Rp15.13 trillion. Thus, the gross profit generated is IDR 5.14 trillion.

Meanwhile, after deducting operating expenses, finance expenses and added with foreign exchange gains and other income, Antam's profit before tax was recorded at Rp2.53 trillion.

Then, continued Yulan, after deducting taxes and other factors, Antam generated a net profit per share of Rp71.18.

"This total net profit per share increased by Rp. 104.66 percent compared to the period at the end of September 2020, which was Rp. 34.78 per share," he said.