Gold Sales Slump, but Antam's Profit Still Rises 9.44% as of September 2023

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Erlina Fury Santika 07/11/2023 08:00 WIB

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Antam (ANTM) recorded a profit of Rp2.84 trillion in the third quarter of 2023. This figure is up 9.44% (year-on-year), despite a recorded decrease in sales.

Antam (ANTM) Sales Revenue and Net Profit (September 2022 - September 2023)

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Gold Sales Slump, but Antam's Profit Still Rises 9.44% as of September 2023

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Antam (ANTM) Sales Revenue and Net Profit (September 2022 - September 2023)

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PT Aneka Tambang Tbk (ANTM) reported a net profit of Rp2.84 trillion in the third quarter of 2023. This figure is up 9.44% from the previous Rp2.62 trillion in the same period last year (year-on-year/yoy).

However, the revenue of this state-owned mining company decreased. In September 2023, it reached Rp30.89 trillion, compared to Rp33.68 trillion in the same period last year, a decrease of 8.26%.

According to Katadata, gold sales still dominated the company's revenue. However, gold revenue decreased by 18.02% to Rp19.29 trillion by September 2023, down from Rp23.53 trillion last year.

Other revenue streams included nickel ore sales (Rp6.78 trillion), ferronickel (Rp3.3 trillion), alumina (Rp948.28 billion), and bauxite ore (Rp305.68 billion). Silver sales contributed Rp80.8 billion, and other precious metals Rp21 billion.

Antam's cost of goods sold was recorded at Rp24.80 trillion, down 10.45% from Rp27.69 trillion (yoy).

The company's assets are currently recorded at Rp35.50 trillion, up 5.53% from Rp33.63 trillion in December 2022.

As of September 2023, its liabilities amounted to Rp10.88 trillion and its equity to Rp24.61 trillion.

Editor : Erlina Fury Santika

"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."