PT ABM Investama Tbk (ABMM), an energy integrated company that is controlled by Hamami family, recorded a 226% jump in net profit last year to Rp415,74 miliar from Rp127.32 billion.
The steep jump in net profit was underpinned by a 47.70% increase in sales to Rp6,63 trillion from Rp4,49 triliun.
Net margin rose to 6,27% from 2,84%. "We enabled to improve margins in all operational focus last year," said President Director Andi Djajanegara in a press statement.
Mining contractor business contributed Rp2.96 trillion to ABM's consolidated revenue, counting 44% share.
The company's current ratio reached 1.36x from 0.89x, while debt to equity ratio declined to 2.27x from 3.34x.
ABM Investama targets 5.5 million of coal sales volume this year, a 152% jump from 2.18 million tons last year, while mining contractor is targeted to make growth of 20%-25%.
Disclosure: No position at the stock mentioned above.
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