Company Report | 9M22 Performance Sustained by All Segments in 3Q22

Coal Average Selling Price Increase

Throughout 9M22, ICBP’s revenue experienced growth, with all segments equally growing, supported by high volumes and average selling prices. However, the high unrealized fx loss from funding activity in 9M22 caused the current period’s profit attributable to owners of the parent entity to contract by 33.4% YoY. In 3Q22, the company was able to reverse positively to IDR1.4 trillion (vs. 2Q22: -IDR10.8 billion).

Asset Growth

Throughout 9M22, ICBP’s revenue experienced growth, with all segments equally growing, supported by high volumes and average selling prices. However, the high unrealized fx loss from funding activity in 9M22 caused the current period’s profit attributable to owners of the parent entity to contract by 33.4% YoY.