Kapuas Prima Coal posts Rp 26.38 billion net profit in Q3
JAKARTA - PT Kapuas Prima Coal Tbk (ZINC) posted a Rp 26.38 billion net profit in the third quarter (Q3) of 2020.
In addition, in the same period the company also pocketed Rp 380.46 billion in revenue.
“There was a performance correction due to the massive flood disaster in Central Kalimantan last July, which resulted in a delay of shipping schedules to buyers from September to October,” said ZINC Director Hendra William in an official statement received by IDNFinancials.com, Sunday (22/11).
As of September, ZINC spent Rp 20.3 billion on mining development and exploration as a response to improving base metal prices since July. (MS)