Company Report | [INCO] Revenue Rises Despite Continued Nickel Price Pressure

Coal Average Selling Price Increase

Vale Indonesia Tbk. (INCO) reported a 10.9% YoY increase in revenue (IDR 14.2 trillion vs IDR 12.8 trillion) in 9M23 despite a 6% YoY decline in average selling price from USD19,703 per ton to USD18,596 per ton. Net profit also recorded a 36.7% YoY rise (IDR 3.3 trillion vs IDR 2.4 trillion) with net profit margin increasing from 19.1% to 23.6%.

Asset Growth

Vale Indonesia Tbk. (INCO) reported a 10.9% YoY increase in revenue (IDR 14.2 trillion vs IDR 12.8 trillion) in 9M23 despite a 6% YoY decline in average selling price from USD19,703 per ton to USD18,596 per ton.