Gold sales boost Bumi Resources performance by the end of September
JAKARTA. Gold products fueled the skyrocketing performance of PT Bumi Resources Minerals Tbk (BRMS), reporting a 97% surge in revenue and a 184.4% jump in net profit by the end of September 2021.
From the revenue of USD 8.23 million, 68% of which or USD 5.6 million of them came from the gold products sales to PT Aneka Tambang Tbk and PT Bhumi Satu Inti. Until September 2021, BRMS recorded gold output of 98 kg, shifting 60.65% from the gain reported by the end of H1 2021 of 61 kg.
Meanwhile, another 32% or USD 2.6 million of the revenue was the contribution made by the mining consultation service for Bellridge Holdings Limited. The massive growth in revenue allowed net profit proliferation, reaching USD 6.16 million by the end of Q3 2021. (AM/ZH)