02
Aug
23:54
Trimegah Bangun Persada's profit stays flat in Q2
Indonesian nickel producer Trimegah Bangun Persada has reported a profit of IDR 1.38 trillion ($90.9 million) in the second quarter of 2023 – a 0.66% increase quarter-on-quarter, Kallanish notes.
According to the firm, the stagnant profit growth was due to the lower share in net profit associates coming from its subsidiary PT Halmahera Persada Lygend (PT HPL).
Meanwhile, the group’s revenue for the quarter grew by 14% to IDR 5.46 trillion, from …
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Very good overview of the weekly steel market.
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