Harum Energy Tbk's Q3 2022 Net Profit Soars Sixfold

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Viva Budy Kusnandar 02/11/2022 15:50 WIB

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From the beginning of the year to the third quarter of 2022, Harum Energy recorded a net profit of US$237.43 million.

Net Profit of PT Harum Energy Tbk, Year-to-Date through Q3 (2018-2022)

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Harum Energy Tbk's Q3 2022 Net Profit Soars Sixfold

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Net Profit of PT Harum Energy Tbk, Year-to-Date through Q3 (2018-2022)

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From the beginning of the year to Q3 2022, PT Harum Energy Tbk recorded a net profit of US$237.43 million, or approximately Rp3.56 trillion (using an exchange rate of Rp15,000 per US dollar). This profit surged sixfold compared to the same period in 2021.

The surge in profit for this issuer (HRUM) was supported by company revenue, which reached US$702.79 million by Q3 2022, a 241.91% increase compared to the same period last year. Meanwhile, direct costs increased by 155.98% to US$265.56 million by Q3 2022.

HRUM's revenue for the first nine months of 2022 consisted of US$692.93 million in customer contract revenue and US$9.86 million in rental income.

PT Harum Energy Tbk is a holding company established in 1995. Its business lines include coal and mineral mining, as well as logistics and processing activities located in East Kalimantan and North Maluku.

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."