JAKARTA. Arsal Ismail, President Director of PT Bukit Asam Tbk (PTBA), has received the Best CEO in Beyond Coal award from Tempo-IDNFinancials in Nusa Dua, Bali yesterday (1/12).

This award was given for Ismail's important role in the growth of PTBA's performance and the coal industry in recent years. Similar awards were also given to 42 Chief Executive Officers (CEOs) of other public companies from various sectors, who played an important role in the growth of company performance through the ESG (Environmental, Social, Governance) program.

According to idnfincials.com data, PTBA's performance in the last 5 years shows quite good profitability. This can be seen from the company's net profit which reached IDR 12.57 trillion in 2022, growing 58.91% year-on-year (yoy). Then in 2021, the company's net profit growth reached IDR 230.69 trillion.

PTBA's performance in 2019 and 2020 indeed slowed down, due to low coal prices on the global market and due to the Covid-19 pandemic in various countries. However, amidst the global economic slowdown, the company's net profit in 2021 and 2022 is actually much higher compared to 2018 and previous years.

Meanwhile, PTBA's revenue performance for the last nine months (9M) 2023 has reached IDR 27.74 trillion. With margins maintained at 13.62%, the company recorded a net profit of IDR 3.78 trillion.

Currently PTBA's share price is at IDR 2,420 per share as of 15.15 WIB, down 40 points or 1.63%. However, in the last one month of trading, PTBA's share price showed an upward trend of up to 30 points or 1.25%. (KR/LM)