PTBA Remains Upbeat Despite Turbulent Coal Market

Minggu, 12 Maret 2023 | 16:52 WIB
PTBA Remains Upbeat Despite Turbulent Coal Market
[ILUSTRASI. PTBA Remains Upbeat Despite Turbulent Coal Market]
Reporter: Akhmad Suryahadi, Aurelia Felicia | Editor: Hasbi Maulana

KONTAN.CO.ID - JAKARTA. PT Bukit Asam Tbk (PTBA) remains optimistic about its financial performance this year, despite the decrease in coal prices. The company has set targets for an increase in coal production, transportation volume, and sales.

According to PTBA's CEO, Arsal Ismail, the company is targeting coal production of 41 million tonnes this year, up 11% from the realized production of 37.1 million tonnes in 2022. The transportation volume target for 2023 has also increased to 32 million tonnes, up 11% from the realized transportation of 28.8 million tonnes in 2022.

Investing in BUMN Companies: Opportunities Arise as 2022 Performance Soars

In terms of coal sales volume in 2023, the state-owned company is targeting sales of 41.2 million tonnes, a 30% increase from the realized coal sales of 31.7 million tonnes in 2022.

To support its expansion plans this year, PTBA has allocated a capital expenditure (capex) of IDR 6.4 trillion, significantly higher than the planned capex of IDR 2.9 trillion last year. Last year's capex absorption rate was only around 28%, meaning that PTBA's capital spending this year has significantly increased.

According to PTBA's Finance and Risk Management Director, Farida Thamrin, the capital expenditure will be allocated for various purposes, including routine investments in subsidiaries and development investments.

The company has several ongoing development projects, including the Mulut Tambang Sumsel-8 coal-fired power plant with a capacity of 2x660 MW. The power plant will require around 5.4 million tonnes of coal per year and is expected to start commercial operations this year.

Sluggish Commodity Prices Cause Decline in Stock Index of 30 Companies

PTBA and PLN are also exploring the early retirement of the Pelabuhan Ratu 3x350 MW coal-fired power plant.

In addition, Arsal did not rule out the possibility of PTBA expanding into other mines.

However, he emphasized that the company would be very selective in planning its expansion, especially in mine expansion. This is because PTBA has abundant coal reserves, more than 5 billion metric tonnes, with minable resources reaching 3 billion metric tonnes.

"For now, our focus is on existing sources. But we will enter if there are opportunities, of course, with careful study and analysis," Arsal added.

Baca Juga: Integra Indocabinet (WOOD) Sets Aside Rp 50 Billion for Stock Buyback

Last year, PTBA achieved a net profit of IDR 12.6 trillion, up 59% from the previous year, which was the company's highest profit in history. This achievement was supported by an increase in revenue. In 2022, PTBA's revenue reached IDR 42.6 trillion, up 146% from 2021's revenue of IDR 29.3 trillion.

Bagikan

Berita Terbaru

Triv Menggaet Pendanaan Rp 3,2 Triliun dari Perusahaan Kripto Global, MEXC
| Rabu, 06 Agustus 2025 | 08:13 WIB

Triv Menggaet Pendanaan Rp 3,2 Triliun dari Perusahaan Kripto Global, MEXC

Kami juga dapat meningkatkan likuiditas, serta menghadirkan lebih banyak produk inovatif bagi pengguna baru maupun lama.

Harga Saham Pengelola Hypermart (MPPA) Naik Signifikan Meski Kinerja Kurang Memuaskan
| Rabu, 06 Agustus 2025 | 08:11 WIB

Harga Saham Pengelola Hypermart (MPPA) Naik Signifikan Meski Kinerja Kurang Memuaskan

Kinerja keuangan PT Matahari Putra Prima Tbk (MPPA) di semester I-2025 tertekan lantaran pendapatan dan laba bersih kuartal II turun.

Angka PDB Memantik Kontroversi, Simak Arah IHSG Hari Ini, Rabu (6/8)
| Rabu, 06 Agustus 2025 | 08:07 WIB

Angka PDB Memantik Kontroversi, Simak Arah IHSG Hari Ini, Rabu (6/8)

Angka PDB tersebut memang memantik kontroversi. Sebelumnya analis dan ekonomi memprediksi, PDB Indonesia lesu atau paling tidak stagnan.

Industri Tekstil Nasional Masih Tersendat
| Rabu, 06 Agustus 2025 | 07:22 WIB

Industri Tekstil Nasional Masih Tersendat

Pada Juli 2025, Farhan mengaku tidak ada peningkatan penjualan baik di pasar domestik maupun ekspor.

 Industri Baja Tertahan Sepi Permintaan
| Rabu, 06 Agustus 2025 | 07:19 WIB

Industri Baja Tertahan Sepi Permintaan

Banjir baja impor turut mengusik kinerja produsen lokal, selain permintaan dari dalam negeri yang sepi

WMPP Incar Pendapatan Rp 830 Miliar
| Rabu, 06 Agustus 2025 | 07:15 WIB

WMPP Incar Pendapatan Rp 830 Miliar

WMPP menjalankan strategi efisiensi serta optimalisasi operasional. Mereka akan fokus meningkatkan utilisasi fasilitas existing,

DYAN Terimbas Efisiensi Anggaran Pemerintah
| Rabu, 06 Agustus 2025 | 07:11 WIB

DYAN Terimbas Efisiensi Anggaran Pemerintah

Yang terang, efisiensi yang dilakukan pemerintah juga membuat berbagai kegiatan operasional dan non operasional berkurang,

 Tekanan Ekonomi Membayangi MPMX
| Rabu, 06 Agustus 2025 | 07:08 WIB

Tekanan Ekonomi Membayangi MPMX

PT Mitra Pinasthika Mustika Tbk (MPMX) memasang target pertumbuhan bisnis konservatif hingga akhir tahun ini

Data PDB Di Luar Ekspektasi, Simak Rekomendasi Saham Hari Ini, Rabu (6/8)
| Rabu, 06 Agustus 2025 | 06:59 WIB

Data PDB Di Luar Ekspektasi, Simak Rekomendasi Saham Hari Ini, Rabu (6/8)

Data produk domestik bruto (PDB) yang sebesar 5,12%  tersebut akan mempengaruhi pergerakan IHSG hari ini.

Indonesia Berencana Impor Litium dari Australia
| Rabu, 06 Agustus 2025 | 06:59 WIB

Indonesia Berencana Impor Litium dari Australia

Kementerian ESDM belum dapat memastikan berapa besaran volume litium yang akan diimpor oleh Indonesia,

INDEKS BERITA

Terpopuler