JAKARTA. The management of PT Dian Swastatika Sentosa Tbk (DSSA) believes that the recent acquisition of Dampier Coal Pty Ltd, Australia will boost its performance in a consolidated basis, specifically, 30% in revenue and 40% net profit.
Alex Sutanto, Director of DSSA, relayed the statement through DSSA’s public expose yesterday (12/5). In 2021, DSSA posted operating revenue of USD 2.16 billion and the current year’s profit of USD 265.33 million. “We expect that by adding Dampier to the equation, the consolidated revenue and profit can increase approximately 30% and 40%,” he added.
At the same time, Lokita Prasetya, Vice President Director of DSSA, announced that the acquisition of Dampier’s coal mines was intended more to answer the demands of coal production for metallurgic purposes rather than thermal or fuel purposes.
Metallurgical coals, or coking coals, are coals with a high level of calorie mostly utilised as raw materials for steel production. They will then be channelled to major steel markets in China, Vietnam, Japan, South Korea, India, “and other countries with advanced steel industries,” Prasetya added.
The transaction of the 100% acquisition of Dampier Coal was completed on May 3, 2022, by DSSA’s subsidiary, Stanmore Resources Limited (Stanmore) through Stanmore SMC Holdings Pty Ltd (SMC). (AM/ZH)