JAKARTA - PT Aneka Tambang Tbk (Antam) announced that it managed to generate Rp 365.75 billion in net profit in the first half (1H) of 2019, 6% higher than its net profit in 1H 2018 of Rp 344.45 billion.
"The growth in production performance and sales of Antam's main commodities is reflected in the achievement of total net sales of Rp14.43 trillion, 22% higher than the achievement of the previous period," said Finance Director of Antam, Dimas Wikan Pramudhito, in his statement on Tuesday (01/10/2019).
Antam's solid financial performance is also reflected in the growth its Earning Before Interest, Taxes, Depreciation and Amortization (EBITDA) which grew by 6% from Rp 1.38 trillion in 1H 2018 to Rp 1.46 trillion.
Gold contributed Rp 9.61 trillion of the company's total net sales in 1H 2018, 67% of the company's total net sales.
Antam's solid financial performance is also reflected in Antam's corporate credit rating given by S&P Global, which improved from a 'B- / positive outlook' to a 'B / positive outlook'. In addition, the company's corporate rating and the rating of its Shelf Registration Bonds I/2011 given by PT Pemeringkat Efek Indonesia (PEFINDO) also improved from 'idA- / stable outlook' to 'idA / stable outlook'. (ARM/AR)