JAKARTA - Coal mining issuer, PT Resource Alam Indonesia Tbk (KKGI), reported a 49.1% year-on-year (yoy) growth in net profit to USD 40.15 million in 2024.

This profit growth aligns with KKGI’s revenue performance, which increased by 10.9%, reaching USD 326.8 million in 2024.

KKGI’s Finance Director, Agoes Soegiarto Soeparman, stated that the rise in profits and revenue is attributed to KKGI’s successful cost-efficiency strategies, supply chain optimisation, and expansion efforts.

"Operational discipline and supply chain optimisation were the key drivers of the company’s performance growth in 2024," he said in an official statement, Monday (24/3).

As a projection, KKGI targets coal production and sales of 5.85 million metric tons in 2025. This goal will be supported by production of 4.85 million metric tons through its subsidiary, PT Insani Baraperkasa, and 0.99 million metric tons from PT Loa Haur.

To achieve this target, Loa Haur has completed the development of a three-hectare stockpile, accelerated infrastructure development, and increased the number of mining contractors. (DK/KR/ZH)