JAKARTA. PT Harum Energy Tbk (HRUM) has increased its stake in an Australian nickel mining company, Nickel Mines Limited, with a capital of around AUD 5.28 million or around Rp 51.58 billion. The purchase was made when HRUM's revenue and net profit were declining.
Ray A. Gunara, Managing Director of HRUM, said that the transaction was carried out on Tuesday (16/6). The total number of shares purchased was 10.56 million shares. "So that the company's total stake in Nickel Mines Limited is 79.09 million shares, equivalent to 3.72%," Gunara said through information disclosure on the Indonesia Stock Exchange today.
According to data compiled by idnfinancials.com, Nickel Mines recorded net sales growth of 379.19% Year on Year (YoY) in 2019, to US$ 64.94 million. It managed to record net profit of US$ 65.53 million in 2019, after experiencing a loss of US$ 3.31 million in 2018. (KR/AR)