ANTAM Posted Positive Financial Performance in the First Quarter of 2016
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Jakarta, April 29, 2016 - PT ANTAM (Persero) Tbk (ASX - ATM; IDX – ANTM; ANTAM) is pleased to announce that the company posts positive financial performance in the first quarter of 2016 (1Q16) as reflected with the income for the period attributable to owners of the parent of Rp5.29 billion. In 1Q16, ANTAM’s net sales reached Rp1.98 trillion with gold as the biggest contributor which amounted to 76% of total sales, or equal to Rp1.5 trillion. In 1Q16, ANTAM’s gross profit amounted to Rp108.78 billion.
ANTAM’s President Director, Tedy Badrujaman said,
As a result of continued efficiency program, in 1Q16 ANTAM saved Rp4.02 billion from fuel savings, optimization of operational activities and contract renegotiation with third parties.
In 1Q16 ANTAM spent Rp326.58 billion for the capital expenditure, consisting of Rp62.64 billion for routine investment, Rp262.53 billion for development and Rp1.41 billion for deferred expenses. ANTAM remained prudent in its development initiatives amidst commodity prices volatility.
As of the end of March 2016, the Engineering, Procurement & Construction (EPC) progress of the Pomalaa Ferronickel Plant Expansion Project (P3FP) has reached 99.28%.
In the development of the Mempawah Smelter Grade Alumina Refinery (SGAR) Project, ANTAM has signed a Joint Venture Agreement (JVA) with PT Indonesia Asahan Aluminium (Persero) (INALUM) to create a joint venture corporation under the name of PT INALUM ANTAM ALUMINA. ANTAM & INALUM will also cooperate with PT Pelabuhan Indonesia II (Persero) (PELINDO II) in the use of port in Sungai Kunyit district, Mempawah regency, West Kalimantan.
In the gold and precious metal business, ANTAM has moved its Makassar Gold Boutique from the old location at Bosowa Tower to the new location at Graha Pena Building, 1st Floor, Jl. Urip Sumoharjo No. 20, Pampang, Panakkukang, Makassar. ANTAM has also relaunched its gold depository services, known as BRANKAS, through developing three personalised services: Corporate BRANKAS, Zakat BRANKAS and Individual BRANKAS. ANTAM also continued the expansion of its gold business through a cooperation with PT Pegadaian (Persero) (PEGADAIAN). ANTAM’s gold and silver products are Indonesia’s only London Bullion Market Association (LBMA) certified gold and silver products.
In terms of gold business diversification, ANTAM. PT Freeport Indonesia (PTFI) and PT Smelting (PTS) have signed a Memorandum of Understandingon the development project of Anode Slime Processing & Precious Metal Refinery (PMR) plant.