PT Aneka Tambang (Persero) said its profit for the first quarter soared 1,003% to 2.32 trillion Indonesian rupiah from 210.59 billion rupiah in the same quarter a year ago, according to an Australian bourse filing on Thursday.
Its earnings before interest, taxes, depreciation, and amortization also surged 518% to 3.26 trillion rupiah during the period, from 527.61 billion rupiah in the year-ago period.
Its net sales clocked in at 26.15 trillion rupiah in the quarter, up 203% from 8.62 trillion rupiah in the prior-year period. Gold products were the largest contributors to the firm's sales, with a 182% sales growth in the gold segment over the period to 21.61 trillion rupiah.
Gold production from the firm's mines reached 230 kilograms in the March quarter, rising 39% year-over-year from 166 kilograms in the year-ago quarter.
Its nickel ore production grew 221% over the period to 4.63 million wet metric tonnes (wmt) from 1.44 million wmt. Nickel ore sales grew 281% to 3.83 million wmt in the quarter from 1 million wmt a year earlier.
Its bauxite production during the period grew to 653,781 wmt, rising 328% from 152,717 wmt in the year-ago quarter.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.