MIND ID Aims To Book Net Profit Of IDR 30 Trillion By The End Of 2024

Director of Portfolio and Business Development MIND ID, Dilo Seno Widagdo (Photo: Maria Trisnawati/VOI)

JAKARTA - The Indonesian Mining Holding (MIND ID) targets a profit by the end of 2024 of IDR 30 trillion. Just so you know, until the end of 2023 MIND ID recorded a net profit of IDR 27 trillion.

Director of Portfolio and Business Development MIND ID, Dilo Seno Widagdo said, until September, MIND ID's profit for the current year had reached IDR 27 trillion or had matched the achievement in 2023.

"We have recorded a profit from 2024 to August -September IDR 27 trillion," said Dilo on the SOE Strengthening agenda Towards Golden Indonesia in Sarinah, Tuesday, October 15.

Dilo said, in 2023 MIND ID will also contribute to the state in the form of dividends, amounting to IDR 18.5 trillion. He also hopes that by the end of 2024, this state-owned mining holding will be able to contribute in the form of dividends to the state.

"We hope to be able to make a big contribution so that this MIND ID looks indeed sufficient. Not only new holdings but also can make a big contribution to the country," continued Dilo.

However, Dilo was reluctant to provide further details regarding the amount of dividends that MIND ID would provide to the state from profits in 2024.

"Well, I don't know what kind of government policy will be for MIND ID in the 2024 financial report. We are ready to support the government," he said.

Meanwhile, in terms of Earning Before Interest, Taxes, Depreciation, and Amortization (EBITDA), MIND ID recorded that the year of EBITDA in September 2024 had reached IDR 39 trillion.

"Kita kalau tahun lalu labanya Rp27 triliun, ini saja tahun ini sudah Rp27 triliun ya. Kita berharap untuk bisa mencapai di Rp30 an triliun," tandas Dilo.