Company Report | It’s Time to Grow with Kupedes

Coal Average Selling Price Increase

BBRI posted 1H23 Net Profit of IDR 29.422T, an increase of 18.7% YoY (1H22: IDR 24.786T and QoQ – 10.2% 1Q23: IDR 15.502T). The growth in Net Profit was supported by an increase in Net Interest Income (NII) of +1.4% YoY (1H22: IDR 64,614T) and relatively flat -0.1% QoQ (1Q23: IDR 32,779T) to IDR 65,540T. NII tended to remain flat despite a year-on-year increase in Interest Income of 11.4% YoY. This was due to higher Interest Expense this year as interest rates rose significantly to +63.7% YoY (1H22: IDR 12,247T, 1H23: IDR 20,050T). In addition, PPOP also increased by +3.0% QoQ (1Q23: IDR 25,153T) and +6.2% YoY (1H22: IDR 48,071T).

Asset Growth

BBRI posted 1H23 Net Profit of IDR 29.422T, an increase of 18.7% YoY (1H22: IDR 24.786T and QoQ – 10.2% 1Q23: IDR 15.502T). The growth in Net Profit was supported by an increase in Net Interest Income (NII) of +1.4% YoY (1H22: IDR 64,614T) and relatively flat -0.1% QoQ (1Q23: IDR 32,779T) to IDR 65,540T.