Company Report | Performance Overshadowed by Raw Material Price Increases

Coal Average Selling Price Increase

PIN’s revenue throughout 6M22 grew 12.4% YoY, while net profit declined 14.7% YoY. The increase in raw material prices caused declining profit amid growing revenue. Raw material costs in 2Q22 jumped 15.6% YoY to IDR9.9 trillion. Meanwhile, positive sentiment came as CPIN for the first time exported to Singapore, which is expected to increase its financial performance. In profitability margins, GPM, OPM, and NPM in 2Q22 was booked at 17.4%, 11.3%, and 8.5% respectively

Asset Growth

PIN’s revenue throughout 6M22 grew 12.4% YoY, while net profit declined 14.7% YoY. The increase in raw material prices caused declining profit amid growing revenue.