Home » Business » Crazy! Antam’s Profit Soars 105% in Q3-2021

Crazy! Antam’s Profit Soars 105% in Q3-2021

Jakarta, CNBC Indonesia – State-owned nickel and gold mining company PT Aneka Tambang Tbk (ANTM) or Antam has just reported its financial performance as of the third quarter (September) 2021, with positive results.

According to a financial report published on the Indonesia Stock Exchange (IDX) website, Friday (12/11/2021), Antam’s net profit grew significantly by 104.65% year on year (yoy) to Rp 1.71 trillion to Rp. September 30, 2021. In the same period last year, Antam managed to record a net profit of Rp 835.78 billion.

The increase in net profit was in line with the company’s sales and revenue growth of 46.79% on an annual basis, from Rp 18.04 trillion at the end of the third quarter of 2020 to Rp 26.48 trillion in the third quarter of this year.

In more detail, sales of gold products are still Antam’s mainstay, with a total contribution of Rp 17.67 trillion by the end of the third quarter of 2021. Then, sales of ferronickel and nickel ore contributed Rp 4.34 trillion and Rp 3.25 trillion, respectively.

Then, sales of alumina, bauxite ore, and silver were respectively Rp 638.68 billion, Rp 321.18 billion and Rp 90.92 billion. Furthermore, sales of coal and other precious metals reached Rp 11.75 billion and Rp 526.57 million, respectively.

Meanwhile, revenue from precious metal refining services and other services contributed Rp. 143.67 billion.

Furthermore, Antam’s export value until the third quarter of this year reached Rp 5.89 trillion, up from the position in the same period in 2020 of Rp 5.36 trillion. Meanwhile, Antam’s local sales value reached Rp 20.59 trillion, a significant increase from local sales in the third quarter of 2020 of Rp 12.68 trillion.

Cost of goods sold and revenue also swelled 41.01% on an annual basis to Rp 21.34 trillion as of September 30, 2021.

Antam’s total assets reached Rp 33.30 trillion as of September 30 this year, with total liabilities and total equity of Rp 12.97 trillion and Rp 20.34 trillion, respectively.

From the stock market, Friday (12/11) at 11.03 WIB, ANTM’s shares rose 1.69% to Rp 2,410/share, with a transaction value of Rp 111.29 billion and trading volume of 46.49 million shares. Since the beginning of this year (year to date/ytd) ANTM’s shares have shot up 24.55%.

[Gambas:Video CNBC]

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