Coal Average Selling Price Increase

ICBP recorded 4Q22 revenue of IDR 15.9 trillion, bringing FY22 revenue to grow 14.1% YoY to IDR 64.8 trillion. In FY22, all segments solidly grew, fueled by high volume and ASP, with the Food Seasonings segment leading the growth at 17.8% YoY. Due to high unrealized forex loss, net profit in 4Q22 was recorded to be lower at IDR 1.3 trillion (-7.3% QoQ; -10.6% YoY).

Asset Growth

ICBP recorded 4Q22 revenue of IDR 15.9 trillion, bringing FY22 revenue to grow 14.1% YoY to IDR 64.8 trillion. In FY22, all segments solidly grew, fueled by high volume and ASP, with the Food Seasonings segment leading the growth at 17.8% YoY.

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