Jakarta - PT Bukit Asam Tbk (PTBA), during the first semester of 2022, posted a 13% increase in coal sales volume to 14.6 million tons.

"PTBA's total coal production reached 15.9 million tons, up 20 percent in the first six months of this year," said PTBA Corporate Secretary Apollonius Andwie in a press release in Jakarta on Monday (8/29).

He explained that the growth in sales and production volumes boosted the company's positive performance. Net profit jumped by around 246% to Rp 6.2 trillion from Rp 1.8 trillion, supported by a 79% increase in revenue to Rp 18.4 trillion.

He explained that "this increase in performance was triggered by global and national economic recovery, which increased demand for coal, as well as a significant increase in coal prices."

Currently, PTBA, through PT Huadian Bukit Asam Power (PT HBAP) as an Independent Power Producer (IPP), is building the Sumsel-8 Mine Mouth Power Plant with a ca