Coal Company Indo Tambangraya Raup Profit IDR 18.21 Trillion In 2022

Illustration. (Photo: Doc. Antara)

JAKARTA - Coal mining issuer PT Indo Tambangraya Megah Tbk (share code: ITMG) recorded a profit for the year attributable to owners of the parent entity of US$1.2 billion or equivalent to Rp. 18.21 trillion (exchange rate of Rp. 15,182) throughout 2022.

Quoted from Antara, Thursday, February 23, the net profit shot up 152.34 percent year on year (yoy) from the previous 2.07 billion US dollars in 2021.

Launching a financial report on the Indonesia Stock Exchange (IDX), Jakarta, Thursday, net profit per share attributable to owners of the parent entity amounted to USD 1.07 in 2022, up from USD 0.43 in 2021.

Meanwhile, gross profit was recorded at USD 1.89 billion in 2022, or grew significantly from the previous USD 916 million in 2022.

The company's profit was supported by revenue which grew 75 percent yoy to 3.63 billion US dollars during 2022, from the previous 2.07 billion US dollars in 2021.

ITMG recorded a cost of revenue of US$1.74 billion, or up from the previous US$1.16 billion for the 2021 period.

Then, selling expenses were recorded at 169.76 million US dollars, general and administrative expenses were recorded at 41.91 million US dollars, financial expenses amounted to 3.35 million US dollars, and others net worth 143.43 million US dollars.

Meanwhile, financial income of USD 8.86 million Thus, the company's profit before income tax reached USD 1.54 billion, a significant increase compared to the previous USD 621 million in 2021.

The company recorded liabilities of USD 689.89 million, and equity of USD 1.95 billion.

Thus, the company's total assets were recorded at US $ 2.64 billion as of December 31, 2022.