Jakarta - PT Golden Energy Mines Tbk (GEMS), until the first semester of 2022, posted a profit for the period attributable to owners of US$335.92 million, or a 134.13% increase compared to the same period the previous year of US$143.47 million.

In the financial report published Friday (9/2), the company showed that the higher revenue from contracts with customers of about 81.99% to US$1.33 billion from US$73 million led to the surge in profit.

However, the cost of goods sold increased by about two times to US$718.69 million from US$397.06 million.

Until June 2022, GEMS' total assets were at US$1.07 billion, with liabilities of US$569.10 million and equity of US$510.60 million.