Resources Alam Indonesia Tbk (KKGI)booked net profit of USD 23.3 million in the first half (H1) of 2024, up 9.2% year-on-year (yoy) from the same period last year.
Said growth aligns with the operating revenue of KKGI in H1 2024, which also increased 8.3% yoy from USD 176.7 million in H1 2023.
Coal export was still the primary contributor of KKGI’s revenue in H1 2024, with USD 134.76 million worth of sales. Then, domestic sales followed behind with USD 54.34 million, surpassing electricity sales of USD 1.24 million, leasing income of USD 918 thousand, and other income of USD 120.7 thousand.
China was still listed as the main coal export destination of KKGI in H1 2024, with total revenue hitting USD 50.81 million. Then, India came in second with USD 31.48 million worth of export sales, followed by South Korea of USD 24.16 million, Bangladeh of USD 17.47 million, the Philippines of USD 7 million, Thailand of USD 2.6 million, and Vietnam of USD 1.24 million.
Until June 30, 2024, KKGI’s total assets were recorded at USD 218.4 million, with cash and cash equivalent of USD 76.6 million, while total equity clocked up to USD 154.88 million. (KR/ZH)