Indo Tambangraya Megah Achieves Highest Net Profit in the Last Five Years

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Reza Pahlevi 02/03/2022 19:00 WIB

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Indo Tambangraya Megah Tbk recorded revenue of US$2.08 billion and a net profit of US$475.57 million in 2021.

Indo Tambangraya Megah Net Revenue and Profit/Loss (2017-2021)

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Indo Tambangraya Megah Net Revenue and Profit/Loss (2017-2021)

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Indo Tambangraya Megah Tbk, a mining company, recorded revenue of US$2.08 billion and a net profit of US$475.57 million in 2021. This net profit, for the company with the stock code ITMG, was the highest in the last five years.

In 2017, ITMG recorded revenue of US$1.69 billion with a net profit of US$252.61 million. Its revenue and net profit then increased to US$2.01 billion and US$261.95 million, respectively, in 2018.

After that, ITMG's revenue decreased to US$1.72 billion, and its net profit fell to US$129.23 million in 2019. Its performance reached its lowest point in the last five years in 2020, with revenue of US$1.19 billion and a net profit of US$39.47 million.

The high revenue and net profit of ITMG in 2021 were due to high coal prices. The average selling price of ITMG's coal reached US$103.2 per ton.

In 2021, ITMG produced 18.2 million tons of coal. This production was lower than the 2020 production of 18.4 million tons.

Editor : Adi Ahdiat

"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."

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Indo Tambangraya Megah Achieves Highest Net Profit in the Last Five Years

Indo Tambangraya Megah Achieves Highest Net Profit in the Last Five Years

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Related Data

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Indo Tambangraya Megah Achieves Highest Net Profit in the Last Five Years

Indo Tambangraya Megah Achieves Highest Net Profit in the Last Five Years

Tags

Related Data

Suralaya, the Largest Emitting Coal-fired Power Plant in Java-Bali and Sumatra

Energy Production Projections in Southeast Asia until 2029, Indonesia Ranks Highest

More Global Coal Power Plants Added Than Retired

Global Coal-fired Power Plant Capacity Growth until H1 2025

JETP's Target is to Retire Two Coal-Fired Power Plants, but the Cost Requires IDR 18 Trillion

Many Countries to Phase Out Coal Power Plants, US Leads

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