PT Inalum Posts net Profit of Rp1.5 trillion Last Year

State-owned aluminum producer, PT Indonesia Asahan Aluminium (Inalum), posted a net profit of Rp1.5 trillion last year, or 60 percent higher than the target of Rp0.9 trillion set in its 2017 business plan.

“Of course, it is quite encouraging. We hope it will increase in the future,” PT Inalum Business Development Director, Oggy Achmad Kosasih, said here on Saturday.

Last year, PT Inalum produced 215,192 of aluminum ingots and 3,625 tons of billet and alloy.

Just in the first four quarters of 2018, Inalum produced 73,315 tons of aluminum ingots, or 41.3 percent of the target of 177,620 tons for 2018, and 5,372 tons of billet and alloy, or 9.3 percent of the target of 57,470 tons for 2018.

PT. Inalum sold 205,980 tons of aluminum ingot and 1,296 tons of billet and alloy last year. Meanwhile, in the January-April 2018 period, aluminum ingot sale reached 58,661 tons, or 33 percent of the target of 177,620 tons, and billet and alloy sale stood at 3,706 tons, or 6.4 percent of the target of 57,470 tons for 2018.

Since November 27, 2017, PT. Inalum has become a mining holding company, comprising state mining firm PT. Antam Tbk, state coal mining firm PT. Bukit Asam Tbk, and state tin mining firm PT. Timah Tbk. PT Inalum also holds a 9.36 percent stake in gold and copper mining firm PT. Freeport Indonesia.

Courtasy : Antaranews.com
Photo : Industry News

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