Jakarta –
Hary Tanoesoedibjo Some time ago, PT MNC Energy Investments Tbk (IATA) changed its business line from airline to coal. This step bears very sweet fruit.
Citing the IDX information disclosure, on Tuesday (10/25/2022), IATA reported revenues of US $ 137.62 million or Rp 2.1 trillion. (exchange rate of Rp 15,500) for the current year, up 182.89% yoy (y / y). ) of 48.65 million US dollars or 754 billion Rp in nine months in 2021.
A strong increase can also be seen compared to total revenue in the same quarter last year, from $ 24.80 million in the third quarter of 2021 to $ 53.97 million in the third quarter of 2022, or 117.61%. The impact of the aforementioned revenue increase, the company’s EBITDA in the nine months of 2022 grew positively by 215.20% to reach $ 63.41 million, from $ 20.12 million in the same period last year. .
Meanwhile, on a quarterly basis, EBITDA in the third quarter of 2022 was recorded at $ 18.71 million, an increase of 47.23% compared to the third quarter of 2021. In addition, the company’s net profit is rose 344.75% yoy from US $ 10.11 million or Rp 156 billion. in the nine months of 2021 to 44.95 million US dollars or 696 billion Rp. in the nine months of 2022, which also represents an increase of 109.11% year-over-year from $ 6.25 million in the third quarter of 2021 to $ 13.08 million in the same quarter of this year.
Company performance up Hary Tanoesoedibjo is the result of the company’s strategic move to shift its corporate focus to an energy and investment company by acquiring PT Bhakti Coal Resources (BCR).
BCR is the holding company that manages 8 Mining Business Permits (IUPs) in Musi Banyuasin, South Sumatra, of which 3 IUPs are already in production and other IUPs are set to operate in stages starting next year.
As we approach the end of 2022, IATA increases coal production. By the end of September 2022, the company had produced over 3 million tons, 64.1 percent more than last year’s production of just 1.8 million tons.
The company is aiming for production of 10 million tons next year and will continue to increase along with the increase in proven reserves from exploration. IATA is optimistic that coal reserves for all IUPs will reach at least 600 million tons.
Until the nine months of 2022, the company Hary Tanoesoedibjo it sold 2.9 million tons of coal. IATA’s bright prospects have been further strengthened by the signing of a long-term purchase agreement between BCR and coal dealers. The company expects to earn an additional $ 108.42 million in revenue from this contract and will continue to expand contracts in the future, seeking opportunities for new mining acquisitions, evaluating other renewable energy perspectives, and evolving to improve synergies and effectiveness in all line sectors.
See also the video “The Story of Anang Hermansyah Meets Hary Tanoesoedibjo Discussing the ASIX Token”:
(ar / fdl)
