JAKARTA. Coals sales contributed the most to the fantastic proliferation of the net profit of PT Indo Tambangraya Megah Tbk (ITMG) of 1,100%, shifting from USD 39.47 million in 2020 to USD 475.57 million by the end of 2021. Thus, the net profit per share rose from USD 0.04 to USD 0.43.
In the information disclosure in Indonesia Stock Exchange (IDX) yesterday (24/2), it was revealed that the revenue of the company increased to USD 2,08 billion, equivalent to IDR 29.87 trillion, from USD 1.18 billion or IDR 17.05 trillion.
As a result, the company managed to collect the current year’s profit of USD 475.39 million or equal to IDR 6.84 trillion. As previously mentioned, coals generated the highest sales, amounting to USD 2.07 billion.
At the end of 2021, the total assets of Indo Tambangraya Megah clocked up to USD 1.67 billion, comprising liabilities of USD 464.48 million and equity of USD 1.20 billion. (AM/ZH)