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Golden Eagle triumphed in H1 2022, scoring 344.01% profit growth

15 August 2022 10:06

JAKARTA – PT Golden Eagle Energy Tbk (SMMT), a coal mining company, recorded a magnificent upturn in its profit as high as 344.01% in the first half of 2022. This massive accomplishment resulted from significant sales and profit increase from its associates.

In the financial statement of H1 2022 published Monday (15/8), Roza P Putra, President Director of Golden Eagle Energy, confirmed that the sales in H1 2022 arrived at IDR 474.69 billion. It shifted 62.43% from IDR 180.87 billion in the first half of 2021.

The users that made over 10% contribution to the total sales include PT Artha Daya Coalindo, which brought IDR 102.24 billion, PT Etika Realtindo that generated IDR 61.45 billion, and PT Tiga Daya Energi that contributed IDR 48.92 billion. It brings up the total sales to IDR 212.63 billion.

The gross profit reportedly reached IDR 183.76 billion, also shifting upwards from IDR 41.26 billion. The total revenue was also significantly multiplied from IDR 24.74 billion to IDR 96.01 billion. It resulted from the massive surge in the net profit of associates from IDR 29.13 billion to IDR 90.91 billion. Likewise, its current year’s profit proliferated from IDR 46.43 billion to IDR 206.17 billion. (LK/ZH)

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