PT Krakatau Steel (Persero) Tbk, until the first semester of 2021, posted a net profit of Rp475 billion, a 601.3% jump compared to the same period last year of Rp67 billion.

"This increase in net profit was supported by sales which rose 90.9% to Rp15.3 trillion by the end of June 2021, compared to the same period last year of Rp8 trillion," said Krakatau Steel President Director Silmy Karim in a statement on Wednesday (21/7).

Furthermore, the sales volume of the company's main products increased by 43.8% compared to the same period last year. The increase in sales volume of Hot Rolled Coil (HRC) and Cold Rolled Coil (CRC) increased to 995 thousand tons compared to the same period the previous year of 692 thousand tons.

In addition, export sales also grew to 162,243 tons in the first semester of 2021 compared to the same period in 2020 of 10,817 tons.

"By producing 1,008,000 tons of HRC and CRC products in the first half of 2