JAKARTA – Although its revenue increased in the first half of 2024, the net profit of PT Aneka Tambang Tbk (ANTM) was 18% year-on-year (yoy) lower than the same period last year. It results from fluctuation of commodity prices amidst geo-political crisis in several regions in the world.

Based on Financial Report H1 2024 quoted Monday (29/4), ANTM’s revenue went up 7.05% yoy to IDR 23.18 trillion from IDR 21.66 trillion.

Its gross profit, however, plummeted 52.75% yoy to IDR 2 trillion from IDR 4.24 trillion. On the contrary, its gross profit margin was seen at 91.36%, up from 80.42% seen in the same period last year.

ANTM’s operating profit in H1 2024 was also seen depleted quite heavily, from IDR 2.32 trillion to IDR 532.32 billion. Other income, thankfully, soared 721.32% yoy to IDR 1.1 trillion from IDR 136.10 billion, driven by gains on forex and other net income. With this record, its profit before taxes only decreased 32.98% yoy to IDR 1.65 trillion from IDR 2.46 trillion.

In terms of gold products, ANTM’s sales were seen at IDR 18.33 trillion, up 42% yoy from IDR 13.30 trillion seen in H1 2023, with gold production reaching 43 kilograms.

Nickel sales also brought in IDR 3.50 trillion, contributing 15% to total sales, while bauxite and alumina sales only covered 3% of them worth IDR 725 billion. (LK/ZH)