Company Report | First Quarter of 2023 Exceeds Expectations

Coal Average Selling Price Increase

At the beginning of 1Q23, BBCA delivered a strong performance, exceeding the quarter’s expectations. BBCA booked an IDR 11.53 T Net Profit in 1Q23, an increase of 43.0% YoY. On a year-on -year basis, NIM in 1Q23 went upside by 70 bps or 5.6%, from 4.9% (on a consolidated basis). This tremendous increase in Net Profit at the beginning of 1Q23 was also supported by a 28% increase in Net Interest Income (NII) to IDR 18,531 T YoY, along with PPOP that rose by 22.9% to IDR 15,580 T YoY.

Asset Growth

At the beginning of 1Q23, BBCA delivered a strong performance, exceeding the quarter’s expectations. BBCA booked an IDR 11.53 T Net Profit in 1Q23, an increase of 43.0% YoY. On a year-on -year basis, NIM in 1Q23 went upside by 70 bps or 5.6%, from 4.9% (on a consolidated basis).