Home » Business » Bumi Resources (BUMI) earned a profit of US$ 63.7 million in the third quarter of 2021

Bumi Resources (BUMI) earned a profit of US$ 63.7 million in the third quarter of 2021


ILLUSTRATION. Bumi Resources (BUMI) earned a profit attributable to parent owners reaching US$ 63.7 million in the third quarter of 2021.

Reporter: Khomarul Hidayat | Editor: Khomarul Hidayat

KONTAN.CO.ID – JAKARTA. The performance of PT Bumi Resources Tbk (BUMI) stretched this year, the coal issuer was able to reap a net profit of US$ 243.3 million in the third quarter of 2021.

In the same period last year, BUMI suffered a net loss of US$ 94.1 million in the same period last year.

Meanwhile, the profit attributable to the parent owner reached US$ 63.7 million, a reverse from the loss attributable to US$ 137.3 in the same period last year.

BUMI’s profit was lifted by increased income. In a written statement from BUMI received by Kontan.co.id, Tuesday (11/30), gross revenue increased 35% to US$ 3.75 billion in the third quarter of 2021, from US$ 2.77 billion in the same period last year.

Also Read: BRMS revenue soared at the end of September 2021 supported by gold sales

“This increase in revenue was triggered by the ongoing upward trend in coal prices,” said BUMI Director and Corporate Secretary Dileep Srivastava in a written statement, Tuesday (30/11).

In addition, the increase in profits is also due to increased business margins.

In the third quarter of 2021, BUMI’s operating margin increased to 20% from 5.7% in the same period last year, or increased more than 3 times.

Also Read: Bumi Resources (BUMI) Holds Discussions with Lenders to Avoid Default

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