JAKARTA. PT Akbar Indo Makmur Stimec Tbk (AIMS), a coal trading company, is exploring new investments aside from its core business as its performance slows down.

Anton Hidayat, Corporate Secretary of AIMS, confirmed that his company plans to place investment in PT Marawa Dwitunggal Abadi (MDA). In relation to this plan, the management of AIMS has signed an initial agreement with MDA for capital investment.

“It still calls for further negotiation between the parties, which will be followed by the signing of a higher ruling agreement,” Hidayat explained in the official statement.

Hidayat said that AIMS and MDA are not affiliated. Although the initial agreement was signed during the slowing down of its business, the management of AIMS believed that this cooperation will enhance future revenue.

According to IDNFinancials data, AIMS’s operating revenue in the first half of 2023 plummeted to IDR 9.76 billion from IDR 20.46 billion in H1 2022. Meanwhile, its net profit only clocked up to IDR 145.31 million in H1 2023. (KR/ZH)