Palembang, The Indonesia Post – Chairperson of the South Sumatra Province Legislative Council (DPRD), Dr. Hj. R.A. Anita Noeringhati, SH., MH., together with DPRD Member, Andie Dinialdie, SE., Attended the Annual General Meeting of Shareholders (GMS) of PT. Bukit Asam, Tbk. In 2023 at Hotel Borobudur Jakarta. Wednesday (8/5/2024).
At this AGMS, shareholders approved the use of 75 percent of the Company’s 2023 net profit of IDR 4.6 trillion as dividends.
Throughout the 2023 financial year, PTBA recorded revenue of IDR 38.5 trillion, so it was able to record a net profit of IDR 6.1 trillion. This positive achievement is the result of the company’s efforts to improve operational performance throughout 2023.
PTBA’s total coal production and purchases in January-December 2023 reached 41.9 million tons, growing 13 percent compared to 2022 which amounted to 37.1 million tons. This production achievement succeeded in exceeding the target of 41.0 million tons set at the beginning of 2023. This increase in production was also followed by an increase in coal sales volume to 37.0 million tons, up 17 percent compared to the previous year.
The company recorded export sales of 15.6 million tons or an increase of 25 percent compared to 2022. Meanwhile, domestic sales were recorded at 21.4 million tons or grew 12 percent year-on-year.
In addition, the company’s total assets as of December 31, 2023 were IDR 38.8 trillion. This becomes capital for the company to continue carrying out business operations in a sustainable manner.
PTBA President Director, Arsal Ismail said that the achievement of business operational performance in 2023 can be maintained on a positive trend. Global and national economic challenges can be faced by implementing appropriate business strategies so that they are able to support more sustainable performance expansion.
“We are grateful that the performance results for the 2023 financial year remain on a positive trend so that we are able to support the creation of better added value in the Indonesian mining industry,” he said.
At this AGMS, shareholders approved the use of 75 percent of the Company’s 2023 net profit of IDR 4.6 trillion as dividends. Meanwhile, 25 percent of the Company’s net profit in 2023 of IDR 1.5 trillion will be used as retained earnings for the development of the company’s business operations in the future. (ojn/ril)
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