Company Report | [ASSA IJ] Soaring Start : Company’s Q1 Ignites Optimis

Coal Average Selling Price Increase

Solid results in the first quarter of 2024, where ASSA managed to book a +37% YoY net profit of IDR 71 billion, much higher compared to the 2023’s first quarter profit of IDR 51.83 billion. This net profit was in line with ASSA’s revenue, which grew by 3.1% to IDR 1.18 trillion from IDR 1.14 trillion during the first quarter of 2023.

Asset Growth

Solid results in the first quarter of 2024, where ASSA managed to book a +37% YoY net profit of IDR 71 billion, much higher compared to the 2023’s first quarter profit of IDR 51.83 billion.