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Vale Indonesia Tbk (INCO IJ) Returns to the Right Groove

  • Author
  • Recent Posts
Meilki Darmawan
Meilki Darmawan
Analyst - Mining, Basic Ind., Agri.
Meilki Darmawan
Latest posts by Meilki Darmawan (see all)
  • UNTR – The Prospect of Coal Still Sluggish - October 1, 2020
  • INCO – Solid Earnings in The First Semester - September 23, 2020
  • PGAS – Lower Results than Expected - September 15, 2020

Positive Performance
In 3Q19, INCO successfully posted positive performance by securing revenues of USD214 million (+4.5% YoY; +29.2% QoQ), followed by an increase in COGS to USD170 million (+4.9% YoY; +3.1% QoQ). It carried out efficiency as the operating expenses were at USD2 million (-66.7% YoY; -88.5% QoQ), with declining interest costs; thus, INCO generated the first net profits of USD26.3 million in 2019.

 

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