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Coal Average Selling Price Increase MTEL started the year by posting consistent and steady growth, with Net Profit growing +4% YoY to IDR 521B (1Q23: IDR 501B). MTEL’s revenue grew steadily, by +7.3% YoY to IDR 2.21T in 1Q24 (1Q23: 2.06T). EBITDA in this period grew by 9.9% YoY to IDR 1.84T in 1Q24 (1Q23: 1.68T). In the midst of the ongoing higher for longer situation and the issue of operator consolidation (EXCL-FREN), MTEL can still book a stable growth performance due to MTEL’s balance sheet and its relatively manageable debt ratio as well as no exposure to foreign currency risk. Asset Growth MTEL started the year by posting consistent and steady growth, with Net Profit growing +4% YoY to IDR 521B (1Q23: IDR 501B). |
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