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Coal Average Selling Price Increase Kicking off 1Q23, TOWR posted a decline in revenue, by 2.2% QoQ to IDR 2,864.7T, yet went upside by 9.4% YoY (1Q22: IDR 2,619.3T & 4Q22: IDR 2,864.7T). Meanwhile, EBITDA rose 8.4% YoY and decreased 4.3% QoQ to IDR 2,438.9T (1Q22: IDR 2,250.6T & 4Q22: IDR 2,549.7T). Net Profit moderately eroded both on a quarterly and annual basis to IDR 752.4B, which was caused by (1Q22: IDR 853.5T, -11.8% YoY and 4Q22: IDR 883.3T, -14.8% QoQ). Asset Growth Kicking off 1Q23, TOWR posted a decline in revenue, by 2.2% QoQ to IDR 2,864.7T, yet went upside by 9.4% YoY (1Q22: IDR 2,619.3T & 4Q22: IDR 2,864.7T). |
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