The company engages in the mining sector, PT PAM Mineral Tbk (NICL) projected to book sales of Rp195.44 billion with comprehensive income for the current period of Rp28.45 billion based on the December 2020 interim financial report.

This achievement shows a significant increase compared to the company's performance in 2019, which posted a comprehensive loss of Rp. 14.07 billion. Meanwhile, the position of operating profit in 2020 is predicted to be Rp33.57 billion.

President Director of PAM Mineral Ruddy Tjanaka said a significant increase in sales revenue from its subsidiary, IBM (PT Indrabakti Mustika), supported the significant increase in operating profit.

"The company is optimistic that nickel sales and consolidated operating profit will increase sharply in 2020 compared to the previous year," he said in a statement on Friday (30/7).

This year, the company is projecting to achieve a sales volume of 1,800,000 metric tons