Jakarta, CNBC Indonesia – The state-owned mining company PT Bukit Asam Tbk (PTBA) today, Monday (7/3/2022) released its 2021 financial report.
Similar to other coal issuers that scored strong performances, PTBA also experienced significant growth over the past year, thanks to soaring coal prices.
PTBA posted a profit for the year attributable to owners of the parent entity of IDR 7.9 trillion in 2021, growing 231.4% compared to IDR 2.39 trillion in 2020.
As a result, basic earnings per share also increased to Rp 702 per share, from the previous year of Rp 213 per share.
Over the past year, revenue was recorded at Rp 29.26 trillion, up 68.9% from Rp 17.3 trillion in the previous year.
Cost of revenue rose 23.6% to Rp 15.78 trillion in 2021, compared to Rp 12.76 trillion in 2020.
Gross profit was recorded at IDR 13.48 trillion, a 195.3% increase from IDR 4.57 trillion in 2020.
Meanwhile, operating profit was recorded at Rp. 9.96 trillion, a 295 percent increase from only Rp. 2.52 trillion in 2020.
(vap/vap)
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