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Coal Average Selling Price Increase Throughout 6M23, ERAA posted sales growth of 23.5% YoY to IDR 28.9 trillion. Its 6M23 gross profit grew 27.5% YoY to IDR 3.1 trillion, which was reflected in its GPM, which was recorded higher at 10.7% (vs. 6M22: 10.3%). However, 6M23 net profit was recorded to decline by 9.6% YoY to IDR 458.7 billion due to interest expenses that increased by 148.2% YoY, resulting in higher finance costs of IDR 265.3 billion (+133.3% YoY). Asset Growth Throughout 6M23, ERAA posted sales growth of 23.5% YoY to IDR 28.9 trillion. Its 6M23 gross profit grew 27.5% YoY to IDR 3.1 trillion, which was reflected in its GPM, which was recorded higher at 10.7% (vs. 6M22: 10.3%). |
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