Coal Average Selling Price Increase

MYOR recorded 1Q23 revenue growth of 11.4% YoY to IDR 8.5 trillion, led by the Packaged Food Processing segment, which grew 11.8% YoY. The brilliant performance was reflected in 1Q23 net profit, which also experienced significant growth of 137.6% YoY to IDR 727.2 billion. Meanwhile, in 2023, MYOR build two new factories in Balaraja and Purwosari, with a total investment of IDR 3.7 trillion and will start operating in 2024.

Asset Growth

MYOR recorded 1Q23 revenue growth of 11.4% YoY to IDR 8.5 trillion, led by the Packaged Food Processing segment, which grew 11.8% YoY. The brilliant performance was reflected in 1Q23 net profit, which also experienced significant growth of 137.6% YoY to IDR 727.2 billion.

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