JAKARTA – Four out of seven companies in metal and mineral industry with market capitalisation of over IDR 20 trillion have released its performance report as of Q1 2024. Among these four, PT Amman Mineral Internasional Tbk (AMMN) recorded the highest net profit for Q1 2024.

Based on the data compiled by IDNFinancials today (27/5), AMMN booked market cap of IDR 641.78 trillion as of April 1, 2024, followed by PT Merdeka Copper Gold Tbk (MDKA) of IDR 56.04 trillion, PT Trimegah Bangun Persada Tbk (NCKL) of IDR 55.84 trillion, PT Merdeka Battery Materials Tbk (MBMA) of IDR 52.48 trillion, PT Vale Indonesia Tbk (INCO) of IDR 40.44 trillion, PT Aneka Tambang Tbk (ANTM) of IDR 37.96 trillion, and PT Bumi Resources Minerals Tbk (BRMS) of IDR 21.55 trillion.

AMMN recorded net sales of USD 601.55 million, slightly increasing from USD 597.26 million. However, its gross profit shrank to USD 281.02 million from USD 296.23 million, while its net profit dropped 26.70% year-on-year (yoy) to USD 129.05 million from USD 176.75 million.

NCKL reported contract revenue of IDR 6.03 trillion, up 26.07% yoy from IDR 4.78 trillion in Q1 2023. Gross profit rose 3.25% yoy to IDR 1.61 trillion from IDR 1.56 trillion, while net profit plummeted 26.82% yoy to IDR 1 trillion from IDR 1.36 trillion.

ANTM was sported with revenue of IDR 8.62 trillion, down 25.64% yoy from IDR 11.59 trillion. Gross profit slid 91.20% yoy down to IDR 250.74 billion from IDR 2.84 trillion, resulting in net profit slipping 85.68% yoy to IDR 238.37 billion from IDR 1.66 trillion.

BRMS collected revenue of USD 20.32 million, soaring 250.37% yoy from USD 5.80 million. Gross profit also jumped 144.97% yoy to USD 8.90 million from USD 3.63 million, while net profit increased 68.96% yoy to USD 3.58 million from USD 2.12 million. (LK/ZH)