ADRO recorded 1Q22 revenue of USD 1,224.6 million (+76.9% YoY), and net profit of USD 400.0 million (+457.6% YoY). The heavy rain factor made coal production (-6% YoY) and sales volume (-3% YoY) lower, compensated by much higher ASP, and cost control effectiveness. In 2022, coal prices are expected to remain high amid global sentiment.
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