JAKARTA - PT Bumi Resources Minerals Tbk (BRMS) today reported its improved 1H 2021 financial results. In the first half 2021, the Company’s Revenue went up (from previously $ 2,550,319) to $ 6,122,370. During the same period, BRMS’ Operating Income also improved (from previously negative $ 688,321) to $ 1,586,335. Consequently, the Company’s Net Income increased dramatically (from previously $ 955,388) to $ 3,632,548.
According to information disclosure on IDX, almost 60% of BRMS Revenue comes from the sale of its gold products to the end buyers (PT Aneka Tambang Tbk and PT Bhumi Satu Inti). Around 40% of the Company’s Revenue is in the form of the mining advisory service fee from Bellridge Holdings Limited.
Suseno Kramadibrata, BRMS’ President Director, said, ”We are on track to complete the construction of our 2nd gold ore processing plant in Palu by May 2022. The new plant will have the capacity to process up to 4,000 tons of ores per day. This will significantly increase our gold production volume in 2H 2022. Currently, we have been producing gold from our existing processing plant with the capacity to process up to 500 tons of ores per day since Q1 2020.” (LM)