Jakarta - PT Indo Tambang Megahraya Tbk (ITMG) posted a profit jump for the period attributable to owners of around 291.72% to US$460.682 million in the first semester of 2022 from the same period last year of only US$117.602 million.

The company's financial report on Thursday (8/11) supported this profit surge by showing that ITMG's higher net income doubled from US$676,303 million to US$1.421 billion.

Along with the increase in net income, the cost of revenue also increased by around 49.76% to US$672.381 million from US$448.959 million.

The rate of operating expenses also nearly doubled to US$152.296 million from US$73,148 million.

ITMG's total assets were recorded at US$1.973 billion until the end of June 2022, with liabilities of US$491.837 million and equity of US$1.481 billion.

Meanwhile, the position of cash and cash equivalents at the end of the period was US$808,412 million.