Coal Price Surge Propels Bukit Asam's Net Profit 231% Higher in 2021

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Reza Pahlevi 07/03/2022 16:30 WIB

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State-owned coal mining company Bukit Asam Tbk recorded revenue of Rp 29.26 trillion with a net profit of Rp 7.91 trillion.

Bukit Asam Net Revenue and Profit (2017-2021)

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Coal Price Surge Propels Bukit Asam's Net Profit 231% Higher in 2021

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Bukit Asam Net Revenue and Profit (2017-2021)

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The Indonesian state-owned mining company, Bukit Asam Tbk, recorded revenue of Rp 29.26 trillion with a net profit of Rp 7.91 trillion. This net profit increased by 231% from the previous year.

Bukit Asam's outstanding performance was aided by high coal prices throughout 2021. The average price of Newcastle coal index was recorded at US$ 137.28 per ton, while Indonesian thermal coal was US$ 95.05 per ton in 2021.

In addition, Bukit Asam also increased its production and sales. Production increased by 21% from the previous year to 30.04 million tons, and sales increased by 9% to 28.37 million tons.

Bukit Asam's coal sales were dominated by domestic sales, which accounted for 57%, while exports reached 43%. The company exported its coal to China, Taiwan, the Philippines, India, Japan, and Vietnam.

Bukit Asam targets coal production to reach 36.41 million tons in 2022. Sales are targeted to reach 37.1 million tons.

Editor : Annissa Mutia

"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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Coal Price Surge Propels Bukit Asam's Net Profit 231% Higher in 2021

Coal Price Surge Propels Bukit Asam's Net Profit 231% Higher in 2021

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Related Data

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Coal Price Surge Propels Bukit Asam's Net Profit 231% Higher in 2021

Coal Price Surge Propels Bukit Asam's Net Profit 231% Higher in 2021

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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