Merdeka Copper Gold Achieves Rp995 Trillion Profit in Q1 2022

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Reza Pahlevi 18/05/2022 15:50 WIB

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Merdeka Copper Gold recorded revenue of US$123.09 million in Q1 2022. This represents a 164% increase from US$46.55 million in Q1 2021.

Merdeka Copper Gold's Revenue and Net Profit (Q1 2021 vs. Q1 2022)

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Merdeka Copper Gold Achieves Rp995 Trillion Profit in Q1 2022

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Merdeka Copper Gold's Revenue and Net Profit (Q1 2021 vs. Q1 2022)

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Gold and copper mining issuer PT Merdeka Copper Gold Tbk reported its first-quarter 2022 financial performance on Tuesday (May 17, 2022). The company recorded strong growth in both revenue and net profit.

This issuer, with the stock code MDKA, recorded revenue of US$123.09 million in Q1 2022. This revenue increased by 164% from US$46.55 million in Q1 2021.

The increase in revenue led MDKA to turn a profit from a loss in the same period last year. The company recorded a net profit of US$69.65 million, or approximately Rp995.1 billion (assuming an exchange rate of Rp14,286 per US$).

Merdeka Copper Gold is one of the companies in the investment portfolio of PT Saratoga Investama Sedaya Tbk. Minister of Tourism and Creative Economy Sandiaga Uno is one of Saratoga's shareholders.

The improved performance of MDKA was one of the drivers of Saratoga's performance. In Q1 2022, Saratoga recorded a net profit of Rp3.6 trillion.

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."