Attending Investor Summit, PTBA Exposes Performance and Strategy PT Bukit Asam Tbk (PTBA) held a public expose through the 2018 Investor Summit event at the Gumaya Hotel Ballroom, Semarang, Thursday (6/9).
The event organized by the Indonesia Stock Exchange was attended by PTBA's Corporate Secretary Suherman and PTBA Investor Relations Manager Niko Chandra. In his presentation, Niko revealed that PTBA's operational and financial performance throughout semester 1 this year was maintained strong and brilliant. PTBA managed to record a net profit of Rp 2.6 trillion. This figure grew 49 percent from the company's net profit in the same period in the previous year of Rp1.7 trillion.
Not only the company's net profit, a number of other aspects also experienced growth, including sales, production, rail transport capacity, income, average selling prices, and stripping ratio. This success is believed to be the result of the implementation of effective business strategies and efficiency in all lines of the company.
PTBA is determined to continue to maintain and improve this performance. A number of strategies will be implemented including strengthening the domestic market, increasing rail transport, developing power generation businesses, and strengthening corporate finance.
2018 Investor Summit itself aims to bring together investors and listed companies directly. In addition, participants who are present are not only shareholder investors, the general public who are interested in knowing about the capital market can also attend. This activity is expected to increase the growth of the number of investors, so that the domestic capital market becomes stronger and does not depend on foreign investors. This event is the first public expose of PTBA, then PTBA will continue its event in Surabaya (9/18/2018) and Balikpapan (09/25/2018) in the 2018 Investor Summit.