The increase in average coal price, both in the Newcastle Index and Indonesia Coal Index, boosted PTBA’s performance in 2021. PTBA recorded a net profit of IDR 7.9 trillion or jumped 231.4% YoY. The rise in net profit is in line with revenue that grew 68.9% to IDR 29.3 trillion. Meanwhile, Cost of Revenue was recorded at IDR 15.8 trillion, or up 23.7%.
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