{
    "success": true,
    "data": {
        "id": 1711046,
        "msgid": "bumi-resources-bumi-profit-rises-35-to-us-24-14-million-1777552246",
        "date": "2026-04-30 17:55:05",
        "title": "Bumi Resources (BUMI) Profit Rises 35% to US$24.14 Million",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Business",
        "summary": "PT Bumi Resources Tbk (BUMI) reported a 35% increase in net profit attributable to owners of the parent entity for the first quarter, reaching US$24.14 million, driven by higher revenue of US$417.6 million and improved operational efficiencies despite a 10% drop in average coal selling prices. The company's gross profit rose to US$82.8 million, with operating profit climbing to US$49.05 million, reflecting strong production volumes, sales growth, and a better strip ratio that enhanced margins across operations. BUMI plans to sustain these operational improvements, maintain capital discipline, and pursue diversification to build resilience against commodity cycles, while its total assets grew to US$4.46 billion.",
        "content": "<p>PT Bumi Resources Tbk (BUMI) recorded a net profit attributable to\nowners of the parent entity for the first quarter of this year amounting\nto US$24.14 million. This figure represents a 35.16% increase from the\nfirst quarter of the previous year, which stood at US$17.86 million.<\/p>\n<p>According to its financial report submitted via disclosures to the\nIndonesia Stock Exchange (BEI), this profit stemmed from first-quarter\nrevenue that rose from US$348.7 million to US$417.6 million.<\/p>\n<p>The cost of revenue also increased from US$297.5 million to US$334.8\nmillion. As a result, gross profit also rose from US$51.2 million to\nUS$82.8 million.<\/p>\n<p>Additionally, after deducting operating expenses for BUMI in the\nfirst quarter, which rose from US$23.3 million to US$33.7 million, the\ncompany\u2019s operating profit increased from US$27.9 million to US$49.05\nmillion.<\/p>\n<p>Furthermore, after subtracting profit after income tax, which rose\nfrom US$30.81 million to US$43.6 million, and profit sharing of US$2.5\nmillion, BUMI\u2019s net profit for the period increased from US$30 million\nto US$41.09 million.<\/p>\n<p>\u201cThe increase in production and sales volumes, combined with\nsignificant improvements in the strip ratio, successfully compensated\nfor the 10% decline in average coal selling prices, thereby driving\nmargin expansion and higher profitability across all business lines,\u201d\nstated BUMI Director Christopher Fong.<\/p>\n<p>He added that this financial performance reflects the operating\nleverage inherent in Bumi Resources\u2019 business model. Margin expansion\nwas supported by increased coal production and sales volumes, as well as\nstructural improvements in the strip ratio, which enhanced the economics\nper tonne across the company\u2019s main mining operations.<\/p>\n<p>Bumi Resources will continue to focus on sustaining the operational\nimprovements achieved in the first quarter, maintaining capital\nallocation discipline, and advancing diversification strategies to build\nresilience against commodity cycles,\u201d he said.<\/p>\n<p>BUMI\u2019s assets as of the first quarter of this year totalled US$4.46\nbillion, up from US$4.21 billion at the end of the previous year.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bumi-resources-bumi-profit-rises-35-to-us-24-14-million-1777552246",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}