Coal Average Selling Price Increase

PT Adaro Energy Indonesia Tbk. (ADRO) reported a 10.8% YoY fall in net income for 1H24 (USD 778.8 million vs USD 873.8 million). However, on a QoQ basis, the company recorded an 8%
rise in net income (USD 404.4 million vs 374.3 million) off the back of higher sales volume following increased summer-time demand from India and China. ADRO also continues to be one of the most efficient coal companies in the country, with EBITDA margin for 1H24 improving to 40% from 38.2%, while net profit margin rose from 25.1% to 26.2%.

Asset Growth

PT Adaro Energy Indonesia Tbk. (ADRO) reported a 10.8% YoY fall in net income for 1H24 (USD 778.8 million vs USD 873.8 million).

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