State-Owned Enterprise (SOE) PT Krakatau Steel (Persero) Tbk continued its upward trend in profit during the first half of 2022.
This steel company recorded a 27% year-on-year (yoy) growth in revenue, reaching US$1.34 billion in the first half of 2022. The company recorded revenue of US$1.06 billion in the same period last year.
Sales of domestic steel products contributed US$932.82 million, while overseas sales contributed US$253.6 million. Infrastructure facilities contributed a further US$139.7 million.
The company's net profit was recorded at US$77.467 million. This represents a 138% yoy increase from US$32.5 million.
Krakatau Steel's assets were recorded at US$3.89 billion. This comprises liabilities of US$3.3 billion and equity of US$587.44 million.
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