PT Bukit Asam (Persero) Tbk (TBNGY) Earnings

PT Bukit Asam Tbk engages in the business of coal mining activities. The company is headquartered in Palembang, Sumatera Selatan and currently employs 1,683 full-time employees. The company went IPO on 2002-12-23. The firm is involved in the general surveying, exploration, exploitation, processing, refining, transportation and trading, and management of special coal port facilities for internal and external needs. Its segments include the coal mining segment and other segments. Its coal mining segment includes mining business permits (IUP) of approximately 68,777 hectares (ha) in several locations that have coal reserves. The company owns several mines spread across South Sumatra Province, West Sumatra, and Riau. The other segment includes contractor services, briquette processing, oil palm plantations, palm oil processing, and health services. The company also engaged in the operation of steam power plants for internal and external needs and the provision of consulting services related to the coal mining industry as well as its derivative products, and plantation development activities.