JAKARTA. Three commodity sectors have exponentially elevated the revenue of Mining Industry Indonesia (MIND ID), skyrocketing its net profit by 687% to IDR 14.33 trillion in 2021.
Hendi Prio Santoso, President Director of MIND ID, said that the satisfactory operational and financial performances of the company throughout 2021 was a proof of its commitment as one of the strategic sector owners that could reinforce and accelerate the national economic recovery amidst the pandemic. “The company’s positive performance resulted from a harmonious synergy of all parts of MIND ID Group in carrying out specified strategic plans,” he further stated in the official announcement page of MIND ID yesterday (15/6).
Throughout 2021, MIND ID collected revenue of IDR 93.75 trillion, 40% higher than the 2020 revenue of IDR 66.75 trillion. Three primary commodities that contributed the most to MIND ID’s revenue were coals, gold, and lead, with 32%, 28%, and 13% contribution, respectively. Then, aluminium covered another 9%, followed by ferronickel of 7%, nickel ores of 5%, and other commodities of 6%.
In 2021, this state-owned mining industry holding company recorded EBITDA of IDR 28.06 trillion, increasing significantly by 149% and leading to the total net profit of IDR 14.33 trillion. (AM/ZH)