Aneka Tambang Performance Soars Throughout 2022

PT Aneka Tambang Tbk (Antam) managed to double its performance throughout 2022. This state-owned metal mining issuer posted a net profit of IDR 3.82 trillion in 2022. This figure shot up 105% from the final period of 2021 which only reached IDR 1.86 trillion.

According to investasi.kontan.co.id, based on the Indonesia Stock Exchange, Antam’s increase in net profit was also affected by the increase in its sales. Antam managed to record revenue of IDR 45.93 trillion in 2022. This figure is up 19% from the actual revenue in 2021 of IDR 38.45 trillion (26/03/2023).

Antam Corporate Secretary Syarif Faisal Alkadrie said gold products were the biggest contributor with a proportion of 69% of ANTM’s total sales. The sales value of gold alone reached IDR 31.63 trillion. This achievement is Antam’s highest sales of gold products in the history of the company.

Meanwhile, ferronickel is the second largest contributor to Antam’s sales. The ferronickel contribution reached IDR 6.85 trillion or 15% of the total consolidated sales in 2022. The sales contribution of the nickel segment (ferronickel products and nickel ore) in 2022 reached IDR 12.03 trillion or grew 12% from 2021 sales.

Faisal explained that the volatility of global nickel prices was significantly influenced by the dynamics of global geopolitical and economic conditions. The lockdown policy in the East Asia region also had an effect. This sentiment also influences the level of absorption of nickel products in the export and domestic markets. Especially in the second quarter of 2022.

“In response to this, Antam mitigates every risk and opportunity that exists on an ongoing basis. Through efforts to develop markets and diversify customers at home and abroad, “said Faisal in a press release.