Jakarta - PT Bumi Resources Tbk (BUMI) in the first quarter of 2022, posted a profit for the year attributable to owners of US$43,252 million, an increase from a loss in the same period last year of US$11.67 million.

The company's revenue growth of around 82.93% to US$349.87 million from US$191.25 million supported the increase in net profit.

"BUMI always ensures its best to keep production close to normal as the Covid-19 pandemic declines," said BUMI Director Dileep Srivastava in a written statement in Jakarta on Thursday (6/2).

Furthermore, heavy rains and the La Nina effect in the mining area resulted in a decrease in coal production during the first three months of this year by 16% to 16.3 metric tons from 19.3 metric tons. However, the average selling price increased 59% from US$53.1 per ton to US$84.5 per ton.

"This increase is in line with the recovery in global coal prices and the current bullish trend triggered by s