Third Quarter 2024 Performance
Oct 30, 2024
PT Central Omega Resources Tbk ("the Company") announces its unaudited operational and financial performance for the period ending September 30, 2024
By the end of September 2024, the company produced 1,774,679 metric tons of nickel ore. This is a significant increase of 143.8% compared to the same period last year. The company also sold 1,745,010 metric tons of nickel ore, which is 142.4% more than what they sold in the same period last year. This means that the company has already reached 79% of its annual sales target of 2,200,000 metric tons."
The company made Rp961 billion in revenue in the third quarter of 2024. This is a big increase of 93.8% compared to the Rp496 billion they made in 2023. The company's profit before expenses was Rp419 billion, which is 71.3% more than the Rp245 billion they made in 2023. After paying all the expenses, the company's net profit was Rp286 billion, a huge increase of 633.7% compared to the Rp39 billion they made in the same period last year. The main reason for this big increase in profit is that the company sold a lot more products in 2024.
This achievement shows the Company's strong performance and indicates that the company is on track to achieve its annual sales target.