Photo: Bumi Resources Minerals
PT Bumi Resources Minerals Tbk. (IDX: BRMS) reported an outstanding performance during the first half of 2021. Revenue growth 140% yoy from USD2.55 million to USD6.12 million. The Company also recorded a 282% increase in net income from USD0.95 million to USD3.63 million.
Almost 60% of the revenue came from the sale of its gold products to the end buyers (PT Aneka Tambang Tbk and PT Bhumi Satu Inti). The remaining amount came from the mining advisory service fee from Bellridge Holdings Limited.
Suseno Kramadibrata, BRMS’ President Director, said, ”We are on track to complete the construction of our 2nd gold ore processing plant in Palu by May 2022. The new plant will have the capacity to process up to 4,000 tons of ores per day. This will significantly increase our gold production volume in 2H 2022. Currently, we have been producing gold from our existing processing plant with the capacity to process up to 500 tons of ores per day since Q1 2020.”
BRMS share was opened at a level of IDR100 per share as of today's trade session (13 August 2021). Since the beginning of this year, its share price has increased by 19.88%.
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