Energy

Lite

June 2024 saw a 10.87% decrease in Laba Adaro, attributed to the slump in coal prices.

Erlina Fury Santika 29/08/2024 14:22 WIB

Bagikan URL has been copied

Memuat...

Adaro Energy reported a net profit of Rp11.96 trillion in the first half of 2024. While seemingly large, this figure represents a 10.87% decrease.

PT Adaro Energy Tbk/ADRO Revenue and Net Profit for Semester I (2023-2024)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

June 2024 saw a 10.87% decrease in Laba Adaro, attributed to the slump in coal prices.

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

PT Adaro Energy Tbk/ADRO Revenue and Net Profit for Semester I (2023-2024)

Download

Source

A Small
A Medium
A Bigger

PT Adaro Energy Indonesia Tbk's financial report, published by the Indonesia Stock Exchange (IDX), shows that net profit attributable to the parent entity reached US$778.77 million or Rp11.96 trillion (assuming an exchange rate of Rp15,359 per US$) in the first half of 2024.

This net profit decreased by 10.87% year-on-year (yoy) from US$873.83 million or Rp13.42 trillion in the first half of 2023.

Meanwhile, revenue for the ADRO-coded issuer reached US$2.97 billion or Rp45.66 trillion in the first six months of 2024. This is a 14.55% yoy decrease from US$3.47 billion or Rp53.44 trillion in the first half of 2023.

According to *Katadata.co.id*, one of the reasons for the decline in revenue and profit is the slump in coal prices. Although the company recorded a 7% increase in production volume to 34.94 million tons in the first half of 2024, ADRO's operating revenue decreased due to a 19% drop in the average selling price (ASP) caused by weakening coal prices.

Cost of goods sold decreased by 13% yoy to US$1.76 billion or Rp27.11 trillion, mainly due to a decrease in royalty expenses for PT Adaro Indonesia (AI). On the other hand, total fuel costs increased by 13% in line with a 15% increase in fuel consumption due to increased production volume.

"We remain committed to providing returns to shareholders in the form of cash dividends and a share buyback program. We would like to express our gratitude to our shareholders," said ADRO's President Director and CEO, Garibaldi Thohir, in a written statement on Wednesday (August 28, 2024).

As of June 2024, ADRO's assets were recorded at US$10.26 billion or Rp157.65 trillion. This represents a 1.98% decrease from December 2023, when assets totaled US$10.47 billion or Rp160.85 trillion. Liabilities were recorded at US$2.56 billion (Rp39.37 trillion) and equity at US$7.7 billion (Rp118.27 trillion) in June 2024.

(See also: Coal Sales Increase, but PTBA Profit Falls 26.75% as of June 2024)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Related Data

Banten's Air Quality Worst in Indonesia Monday Night (12/1)

Failed to Set New Record, JCI Closed Down 0.58% (Monday, January 12, 2025)

Distribution of Free Health Check-ups 2025, Java Highest

Expenditure for Free Health Checks Reached IDR 2.1 Trillion by the End of 2025

Prevalence of Food Consumption Inadequacy in Pasuruan City Reaches 4.29% in 2024

Indonesia's Food Security Budget Realization Nears 100% by 2025

Latest Data Stories

Percentage of Rural Male Population with Health Complaints, 2013-2024 Consumer Services & Health 12/01/2026, 19:39 WIB

Banten's Air Quality Worst in Indonesia Monday Night (12/1) Consumer Services & Health 12/01/2026, 19:31 WIB

Performance of Blocking Illegal Online Lending in Indonesia until 2025 Finance 12/01/2026, 19:12 WIB

52.72% of Food and Beverage Businesses in Indonesia Use the Internet in 2024, Here's Why Technology & Telecommunications 12/01/2026, 18:56 WIB

3.9 Thousand Workers Involved in Strikes in Indonesia up to November 2025 Employment 12/01/2026, 18:55 WIB

Employed Population Ratio in 38 Provinces of Indonesia as of August 2025 Employment 12/01/2026, 18:52 WIB

Download

Source

June 2024 saw a 10.87% decrease in Laba Adaro, attributed to the slump in coal prices.

June 2024 saw a 10.87% decrease in Laba Adaro, attributed to the slump in coal prices.

Tags

Related Data

Banten's Air Quality Worst in Indonesia Monday Night (12/1)

Failed to Set New Record, JCI Closed Down 0.58% (Monday, January 12, 2025)

Distribution of Free Health Check-ups 2025, Java Highest

Expenditure for Free Health Checks Reached IDR 2.1 Trillion by the End of 2025

Prevalence of Food Consumption Inadequacy in Pasuruan City Reaches 4.29% in 2024

Indonesia's Food Security Budget Realization Nears 100% by 2025

Latest Data Stories

Popular Data

June 2024 saw a 10.87% decrease in Laba Adaro, attributed to the slump in coal prices.

June 2024 saw a 10.87% decrease in Laba Adaro, attributed to the slump in coal prices.

Tags

Related Data

Banten's Air Quality Worst in Indonesia Monday Night (12/1)

Failed to Set New Record, JCI Closed Down 0.58% (Monday, January 12, 2025)

Distribution of Free Health Check-ups 2025, Java Highest

Expenditure for Free Health Checks Reached IDR 2.1 Trillion by the End of 2025

Prevalence of Food Consumption Inadequacy in Pasuruan City Reaches 4.29% in 2024

Indonesia's Food Security Budget Realization Nears 100% by 2025

Latest Data Stories

Trending Topics

Popular Data