Company Report | [MYOR] Export Sales Recorded Higher

Coal Average Selling Price Increase

MYOR managed to book 9M23 sales of IDR 22.9 trillion, an increase of 3.0% YoY. Domestic sales increased slightly by 0.7% YoY, while exports were able to grow higher by 6.1% YoY. Regarding the bottom line, 9M23 net profit increased 86.8% YoY to IDR2.0 trillion and brought NPM recorded up to 8.9% (vs 9M22: 4.9%). The Company initiated a partnership with Mayora Nigeria Ltd which is domiciled in Nigeria. This cooperation is carried out by selling MYOR’s products to Nigeria, such as biscuits, wafers, candies, chocolates, and the like.

Asset Growth

MYOR managed to book 9M23 sales of IDR 22.9 trillion, an increase of 3.0% YoY. Domestic sales increased slightly by 0.7% YoY, while exports were able to grow higher by 6.1% YoY. Regarding the bottom line, 9M23 net profit increased 86.8% YoY to IDR2.0 trillion and brought NPM recorded up to 8.9% (vs 9M22: 4.9%).