Company Report | It’s Time to Start Harvesting the Results

Coal Average Selling Price Increase

In the first semester of 2023, MTEL posted a +10.8% YoY increase in revenue to IDR 4.130 T (1H22: IDR 3.726T) and a 0.97% QoQ increase (1Q23: IDR 2.055T). EBITDA in 1H23 rose by 16.1% YoY and QoQ was flat +0.06% to IDR 3,353T (1H22: IDR 2,888T; 1Q23: IDR 1,676T). MTEL’s Net Profit increased by +14.7% YoY and +4.0% QoQ to IDR 1,022B (1H22: IDR 892B; 1Q23: IDR 501B).

Asset Growth

In the first semester of 2023, MTEL posted a +10.8% YoY increase in revenue to IDR 4.130 T (1H22: IDR 3.726T) and a 0.97% QoQ increase (1Q23: IDR 2.055T). EBITDA in 1H23 rose by 16.1% YoY and QoQ was flat +0.06% to IDR 3,353T (1H22: IDR 2,888T; 1Q23: IDR 1,676T).