Selling Gold 19,460 Kg, Antam Earns IDR 2.63 Trillion Net Profit In The Third Quarter Of 2023

JAKARTA - PT Aneka Tambang (Persero) Tbk or Antam (ANTM) recorded a profit for the current period of IDR 2.85 trillion in the third quarter of 2023. This achievement rose 8 percent compared to the same quarter the previous year of IDR 2.63 trillion.

Antam Syarif Corporate Secretary Faisal Alkadrie said positive financial performance was also reflected in the achievement of revenue before interest, taxes, depreciation and amortation (EBITDA) of IDR 5.40 trillion in the third quarter of 2023.

Quoting Antara, the company coded ANTM shares recorded a net sales value of IDR 30.90 trillion during the third quarter of 2023. The dominant contribution came from domestic net sales which reached IDR 26.69 trillion, equivalent to 86 percent of total net sales.

Gold products became the largest contributor with a proportion of 62 percent of Antam's total sales with a sales value of IDR 19.29 trillion during the third quarter of 2023.

During this period, Antam recorded a total volume of gold metal production from the mine of 908 kg or 29,193 ounces, while gold metal sales reached 19,460 kg or 625,654 ounces of troy.

During the third quarter of 2023, Antam's gross profit was recorded at IDR 6.10 trillion, growing 2 percent (yoy) compared to IDR 5.99 trillion in the same period the previous year.

Meanwhile, the company's operating profit was recorded at IDR 3.35 trillion in the third quarter of 2023, or grew 22 percent (yoy) compared to the same period the previous year which amounted to IDR 2.74 trillion.

Syarif said the supporting factor in achieving growth driven by operating expenses was recorded at IDR 2.75 trillion in the third quarter of 2023, or a decrease of 15 percent (yoy) compared to IDR 3.25 trillion in the same period the previous year.

He continued, the strengthening of profitability in the third quarter of 2023 was also reflected in the achievement of the net profit per ANTM base share to Rp118.54 which grew 8 percent compared to Rp109.31 per basic share.

During the third quarter of 2023, the company was able to strengthen the financial structure as reflected in the value of consolidated equity of IDR 24.62 trillion, or grew 9 percent (yoy) compared to IDR 22.57 trillion in the same period the previous year.

Meanwhile, the company's total liabilities were recorded at IDR 10.88 trillion, or a decrease of 3 percent (yoy) compared to IDR 11.22 trillion in the same period the previous year.

The company's total assets reached IDR 35.50 trillion, or grew 5 percent (yoy) compared to IDR 33.79 trillion in the same period the previous year.