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Coal Average Selling Price Increase As of the third quarter – 9M 2023 period, BBCA still delivered a solid and strong performance. The company managed to book an IDR 36.4 T Net Profit in 9M23, an increase of 25.8% YoY (9M22: IDR 29 T), and -3.4% QoQ (2Q23: IDR 12.7 T & 3Q23: IDR 12.2 T). As for NIM in 9M23 was recorded stable at 5.5% (YoY +40 Bps, 2Q23: 5.5%). The solid increase in Net Profit throughout 9M 2023 was supported by 21.3% increase in Net Interest Income (NII) to IDR 55.9 T YoY (+1.2% QoQ). In 9M 2023, Operating Expenses experienced a sharp increase (+16.6% YoY), due to an increase in employee expenses (+14.1% YoY), as well as a +18.7% increase in G&A expenses due to higher costs for telecommunications and IT infrastructure. Asset Growth As of the third quarter – 9M 2023 period, BBCA still delivered a solid and strong performance. The company managed to book an IDR 36.4 T Net Profit in 9M23, an increase of 25.8% YoY (9M22: IDR 29 T), and -3.4% QoQ (2Q23: IDR 12.7 T & 3Q23: IDR 12.2 T). |
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