RMKE Records Increased Transport Volume And Sales Of Coal

Photo: Special

PT RMK Energy Tbk (RMKE) managed to load 121 ships with a volume capacity of 2.5 million tons of coal in the third quarter of 2024, an increase of 27.9 percent yoy compared to the same period last year.

The increase in the volume of coal transportation services in the third quarter of 2024 managed to offset a decline in the first half of 2024.

Until the September 2024 period, RMKE has succeeded in loading 812 ships with a capacity of 6.4 million tons of coal, an increase of 2.4 percent yoy.

With this volume, RMKE has reached 64.3 percent of the coal transportation target this year.

The highest monthly transportation service volume was achieved in September 2024 of 970.2 thousand tons of coal and is the highest transportation volume during RMKE operations.

From the coal sales segment, the Company managed to sell 776.6 thousand tons of coal in the third quarter of 2024 or grew by 40.2 percent yoy.

With this growth, RMKE has managed to sell 2.1 million coal until September 2024, an increase of 14.1 percent yoy and reached its sales target this year of 57.7 percent.

The growth in coal sales volume was supported by in-house mining production, PT Truba Bara Banyu Enim (TBBE) which produced 320.1 thousand tons of coal in the third quarter of 2024 or grew by 39.8 percent yoy.

With this growth in in-house production, TBBE contributed 33.4 percent of the total sales volume until September 2024.

The increase in the volume of coal transportation and sales services was supported by the growth in coal demand in the second half of this year.

President Director of the Company, Vincent Saputra said, with the performance continuing to improve significantly every quarter, the company is optimistic that it can achieve operational targets this year.

"Of course, this good operational performance growth will have a positive impact on RMKE's financial performance in the third quarter of 2024. The demand for coal, which increased in the second half of this year, has become a positive catalyst for RMKE, besides that coal sales prices are also stable and tend to increase with geopolitical conditions and the current economic condition is not stable," Vincent said in a statement to the media, Friday, October 18.