indonesias-antam-reports-a-surge-in-net-profits-of-719

Indonesia's Antam reports a surge in net profits of 719%

The mining company reaps the benefits of expansion during a time of high nickel prices.
ItÆs not everyday you get to announce that your net profit has surged 719% in the first quarter to Rp1,073 billion $119 million.

But IndonesiaÆs Antam did just that on Monday. For several years, FinanceAsia has been following the start-and-go expansion efforts of Antam and in the first quarter these efforts finally paid off. A new smelter added to operations over the last quarter, during a time when its core commodity is fetching higher-than-usual prices, gave it a winning combination.

ôWe are delighted with our first quarter results. We are creating huge profits from these unprecedented high nickel prices, says president director Dedi Aditya Sumanagara. However, we recognise the increase is also due...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222