Bukit Asam (PTBA) Realizes Capex of IDR 1.1 Trillion by Q3 2023

Admin Ugems
Lesen in einer Minute - Mon Nov 13 08:59:00 GMT 2023

PT Bukit Asam Tbk. (ptba), has realized a capital expenditure (capex) of IDR 1.1 trillion until the third quarter of 2023. The Corporate Secretary of ptba, Niko Chandra, stated that the capex realization has increased annually and is used for both routine and non-routine investments. In the remaining months of this year, the company will focus on capital expenditure to realize strategic projects.
In principle, we are trying to realize strategic projects, including coal transportation and the development of new and renewable energy, he said to Bisnis on Sunday, (11/5/2023).
During the January-September 2023 period, ptba reported a net profit of IDR 3.8 trillion, a 62% decrease compared to the same period the previous year, which was IDR 10 trillion. From a revenue perspective, ptba recorded IDR 27.7 trillion, a 12.16% year-on-year (YoY) decrease. The companys total assets as of September 30, 2023, reached IDR 36.0 trillion.
ptbas total coal production until the third quarter of 2023 reached 31.9 million tons, growing by 15.2% compared to the same period in 2022, which was 27.7 million tons. This increase in production is in line with a 14.9% rise in coal sales volume to 27.0 million tons.
Until the third quarter of 2023, ptba recorded export sales of 11.2 million tons, a 24.4% increase compared to the same period the previous year. Meanwhile, the realization of the Domestic Market Obligation (DMO) stood at 51%.
There are various challenges for ptba this year, including corrections in coal prices and market fluctuations, said Niko.
Meanwhile, the average price of ICI-3 coal corrected by approximately 33% from USD 128.5 per ton in January-September 2022 to USD 86.3 per ton in January-September 2023.
On the other hand, the cost of sales experienced an increase, including components such as royalty fees, railway transportation, and mining services.
Image source >>> Bisnis Aprianto Cahyo Nugroho
Source >>>https://market.bisnis.com/read/20231105/192/1711215/bukit-asam-ptba-realisasikan-capex-rp11-triliun-kuartal-iii2023



Source https://djakarta-miningclub.com

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