Coal Average Selling Price Increase

PT Trimegah Bangun Persada Tbk. (NCKL) reported strong performances across the board for 9M23. Revenue increased by 135% YoY (IDR 17.3 trillion vs IDR 7.4 trillion) while net profit rose by 30% (IDR 5.7 trillion vs IDR 3.5 trillion) on the back of an explosion in production. This increase in volume is able to counter the continuous decline in global nickel prices, which fell by over 38% in the first 9 months of 2023.

Asset Growth

PT Trimegah Bangun Persada Tbk. (NCKL) reported strong performances across the board for 9M23. Revenue increased by 135% YoY (IDR 17.3 trillion vs IDR 7.4 trillion) while net profit rose by 30% (IDR 5.7 trillion vs IDR 3.5 trillion) on the back of an explosion in production.

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