Indika Energy, Agus Lasmono Sudwikatmono Conglomerate Mining Company Raises Revenue Rp18 Trillion And Profit Rp174 Billion

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Indika Energy Tbk (INDY) managed to record performance growth in the first six months of this year. This coal mining company managed to record an increase in revenue and net profit in the first semester of 2021.

In Indika Energy's financial report published on the Indonesia Stock Exchange (IDX) website, quoted Monday, August 2, the company owned by conglomerate Agus Lasmono Sudwikatmono posted a net profit of 12 million US dollars (around Rp. 174 billion) in the first half of 2021.

This achievement is in contrast to conditions in the same period the previous year, where Indika Energy still suffered a loss of 21.91 million US dollars.

The improvement in INDY's net profit is inseparable from the condition of the company's income. Indika Energy recorded revenues of 1.28 billion US dollars (around Rp. 18 trillion), growing 14.1 percent compared to revenue in the first half of 2020 of 1.12 billion US dollars.

INDY's revenues consist of contract and service revenues of US$235.17 million, coal sales of US$1.03 billion, and other trade revenues of US$19.50 million.

INDY's coal sales consisted of sales to the export market amounting to USD 740.25 million and sales to domestic customers amounting to USD 292.92 million.

As of June 2021, Indika Energy's total assets reached US$ 3.59 billion, consisting of US$ 2.70 billion in liabilities and US$ 888.18 million in equity. INDY's cash and cash equivalents reached 73.95 million US dollars, up from the position at the end of December 2020 of 57.16 million US dollars.