Revenue From Coal Soared 45.75 Percent, Bukit Asam Earns IDR 42.65 Trillion Profit

Coal Illustration (Photo: Doc. Antara)

JAKARTA - PT Bukit Asam Tbk (PTBA) recorded revenue growth of 45.75 percent to IDR 42.65 trillion throughout 2022. This amount increased compared to the previous year's IDR 29.26 trillion.

Quoting information disclosure, Jakarta, March 2, from this achievement, the company earned a profit for the year attributable to owners of the parent entity of IDR 12.57 trillion. This amount increased by 68.56 percent compared to last year's IDR 7.45 trillion.

The cost of goods sold also increased from IDR 15.58 trillion in 2021 to IDR 24.68 trillion in 2022. Recording gross profit throughout 2022 of IDR 17.97 trillion.

Meanwhile, coal sales revenue rose 45.8 percent from IDR 28.87 trillion in 2021 to IDR 42.1 trillion throughout 2022. The details from related parties amounted to IDR 20.64 trillion and third parties IDR 21.46 trillion.

Meanwhile, income from other activities recorded Rp549.27 billion. As for the details from related parties and third parties each Rp24.84 billion and Rp524.44 billion.

Revenue from other activities is sales of electricity, briquettes, crude palm oil and palm kernel, hospital health services and rental services.

The liabilities were recorded at IDR 16.44 trillion in 2022, up from IDR 11.87 trillion at the end of 2021. In 2022, short-term liabilities were IDR 10.7 trillion, while long-term liabilities were IDR 5.74 trillion. In 2022, PTBA's short-term liabilities reached IDR 10.7 trillion and long-term liabilities reached IDR 5.74 trillion.

As a result, PTBA's liabilities reached IDR 16.44 trillion, an increase of 38.52% on an annual basis. Then, PTBA's equity reached IDR 28.91 trillion, an increase of 19.22% on an annual basis from IDR 24.25 trillion. Meanwhile, PTBA's assets reached IDR 45.35 trillion or grew 25.56% from 2021.

Meanwhile, PTBA's total assets also rose rapidly to IDR 45.36 trillion throughout 2022. In which, it rose 25.57 percent compared to 2021 which amounted to IDR 26.12 trillion.