Company Report | Unrealized Forex Gains Bring 1Q23 Net Profit to Significant Growth

Coal Average Selling Price Increase

CBP started 1Q23 by recording sales growth of 11.4% YoY, buoyed by both domestic and overseas sales, as well as higher volume and average selling price (ASP). Meanwhile, unrealized forex gains arising from financing activities caused 1Q23 net profit to grow significantly by 103.7% YoY to Rp4.0 trillion. This led to a higher NPM of 20.7% in 1Q23.

Asset Growth

CBP started 1Q23 by recording sales growth of 11.4% YoY, buoyed by both domestic and overseas sales, as well as higher volume and average selling price (ASP). Meanwhile, unrealized forex gains arising from financing activities caused 1Q23 net profit to grow significantly by 103.7% YoY to Rp4.0 trillion. This led to a higher NPM of 20.7% in 1Q23.