Company Report | Market Share Stable in 2Q22

Coal Average Selling Price Increase

During 6M22, HMSP’s top line grew 12.3% YoY to IDR53.5 trillion. The increase in production costs caused gross profit, operating profit, and net profit to contract by 9.7% YoY, 22.8% YoY, and 26.3% YoY, respectively. Meanwhile, in 2Q22 HMSP’s sales volume was recorded at 21.4 billion units and market share was stable at 27.8% (vs 1Q22: 27.8%).

Asset Growth

During 6M22, HMSP’s top line grew 12.3% YoY to IDR53.5 trillion. The increase in production costs caused gross profit, operating profit, and net profit to contract by 9.7% YoY, 22.8% YoY, and 26.3% YoY, respectively.