13 May 2022
ADRO recorded 1Q22 revenue of USD 1,224.6 million (+76.9% YoY), and net profit of USD 400.0 million (+457.6% YoY). The heavy rain factor made coal production (-6% YoY) and sales volume (-3% YoY) lower, compensated by much higher ASP, and cost control effectiveness. In 2022, coal prices are expected to remain high amid global sentiment.
READ MORE
13 May 2022
SIDO ended 1Q22 by booking a positive performance in which revenue and net profit each grew 11.0% YoY and 9.7% YoY. This performance was supported by growth in all segments whose revenue grew in 1Q22. Meanwhile, SIDO’s GPM declined in the Food and Beverages due to increasing raw material prices.
READ MORE
12 May 2022
During 1Q22, ASII posted a 39% YoY increase in revenue to IDR 71.8 trillion; supported by main business lines such as Automotive, Heavy Equipment & Mining, and Agribusiness.
READ MORE
11 May 2022
Through the acquisition of Mythologic Studio, WGSH has completed the ecosystem to meet the needs of 3D Modeling, Game Assets, and AR. This Venture Builder company, following the trend of Metaverse and NFT, is targeting the NFT market size business which is projected to reach USD 7.63 billion in 2028. With NFT as a new revenue stream, NHKSI Research projects that WGSH has the opportunity to increase its net income by up to three times in 2022.
READ MORE
10 May 2022
CPIN posted a 21.6% increase in revenue in FY21 to IDR51.7 trillion (vs FY20: IDR42.5 trillion). Cost of Goods Sold also increased in line with rising raw material prices amid rising commodity prices, which in FY21 was recorded at IDR43.6 trillion (+27.1% YoY). The increase in commodity prices also reduced CPIN's FY21 net profit to IDR3.6 trillion, down 5.1% YoY.
READ MORE