Earning A Profit Of US$1.91 Million, Bumi Minerals Owned By The Bakrie Conglomerate Family More Steady Completes Gold Factory In Palu

Photo: Doc. Bumi Resources

JAKARTA - The mining company belonging to the Bakrie conglomerate family PT Bumi Resources Minerals Tbk has an increasingly stable financial performance. Especially when referring to the financial statements for the first three months of this year.

Quoting the company's statement, Monday, May 30, Bumi Minerals earned US$ 2.96 million in revenue, a 118 percent jump from the same period in 2021 of US$ 1.36 million. One of the revenue contributors came from sales of gold production worth US$2.4 million.

"The remaining 500 million US dollars come from mining advisory services", said Bumi Minerals President Director Agus Projosasmito.

For this revenue achievement, the company with the stock code BRMS also managed to earn a net profit of 1.91 million US dollars. This record is up 14 percent from the same period in 2021 of 1.67 million US dollars.

Agus said his party would continue to improve the company's production and financial performance for the benefit of the shareholders. "One of them is through the construction of our second gold factory in Palu (4,000 tons of ore per day) which will be completed this year", Agus added.

Agus is optimistic that the new gold factory will have a positive impact on the company's production performance, revenue, and net profit in the future.