Company Report | [HRUM] Diversification Efforts Continue As Coal Prices Normalize

Coal Average Selling Price Increase

PT Harum Energy Tbk. (HRUM) reported an overall decline in performance in 9M23 as revenue fell by 5.9% YoY (IDR 9,713 billion vs IDR 10,322 billion). This fall in sales was caused by a decline in average selling price (ASP) by 33.2% YoY (USD120.1/ton vs USD179.9/ton ), in line with global coal prices. The slip in ASP is partially compensated by a boom in coal sales volume which increased by 37.5% YoY (5.3 million tons vs 3.9 million tons) as cheap coal prices and low hydroelectric output in China boosted export coal sales.

Asset Growth

PT Harum Energy Tbk. (HRUM) reported an overall decline in performance in 9M23 as revenue fell by 5.9% YoY (IDR 9,713 billion vs IDR 10,322 billion). This fall in sales was caused by a decline in average selling price (ASP) by 33.2% YoY (USD120.1/ton vs USD179.9/ton ), in line with global coal prices.