Record Coal Sales Volume 6.97 Million Tons, Bukit Asam Earns IDR 2.28 Trillion Profit In Three Months

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Bukit Asam Tbk (PTBA) posted a net profit of IDR 2.28 trillion in the first three months of this year. This figure grew almost four times or shot 355 percent from the achievement of the same period in 2021 of IDR 500.52 billion.

According to Bukit Asam Corporate Secretary Apollonius Andwie, this achievement could not be separated from the increase in operating income reaching IDR 8.21 trillion or growing 105 percent from the same period the previous year of IDR 3.99 trillion.

On the other hand, the total assets of members of the Mining BUMN holding MIND ID also grew eight percent from IDR 36.12 trillion as of December 31, 2021, to IDR 38.99 trillion as of March 31, 2022.

"This brilliant achievement is supported by the company's solid operational performance throughout the first quarter of 2022. This is because it prioritizes cost leadership in every line of the company, and implements sustainable efficiency optimally," Apollonius said in a statement quoted by Antara, Sunday, May 22.

He explained, that year on year, the company's coal production in the first quarter of 2022 increased 40 percent to 6.34 million tons, while the volume of coal transportation increased 16 percent to 6.17 million tons.

The increase in coal production and transportation volume was also followed by an 18 percent increase in coal sales volume to 6.97 million tons.

Therefore, he said, PTBA is targeting coal production of 36.41 million tons and a transportation target of 31.50 million tons for 2022. Meanwhile for 2022 coal sales volume targets an increase to 37.10 million tons.