Indika Energy Records US$57.7 Million Net Profit in 2021

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Reza Pahlevi 01/04/2022 16:30 WIB

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Indika Energy reported revenues of US$3.07 billion and a net profit of US$57.7 million in 2021.

Indika Energy's Revenue and Net Profit (2017-2021)

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Indika Energy Records US$57.7 Million Net Profit in 2021

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Indika Energy's Revenue and Net Profit (2017-2021)

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PT Indika Energy Tbk reported revenue of US$3.06 billion with a net profit of US$57.7 million in 2021.

Indika's 2021 revenue increased by 69% from 2020, which amounted to US$1.81 billion.

Previously, Indika had recorded losses for two consecutive years, namely a net loss of US$18.16 million in 2019 and US$117.54 million in 2020.

The increase in revenue in 2021 was achieved thanks to the increase in the average selling price of coal. Indika Energy's subsidiary, Kideco, recorded sales of US$2.2 billion that year. Kideco sold 35.8 million tons of coal at an average selling price of US$61.4 per ton.

The company's assets were recorded at US$3.69 billion at the end of 2021. Meanwhile, its liabilities were recorded at US$2.81 billion and equity at US$883.71 million.

(Read Also: [Link to article about Indika Energy's coal production decline since 2014])

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."