PT Timah posts Rp601 billion profit in first quarter

PT Timah Tbk announced that its net profit soared 5,713 percent to Rp601 billion in the first quarter of 2022 as compared to Rp10 billion during the same period last year. The surge in net profit resulted from the rising tin prices and the company's effective policy to curb its operating costs, PT Timah Finance Director Krisna Sjarif noted. "Low-cost tin ore production from offshore mining will continuously be increased to maintain the optimum profit margin," he remarked.

May 23 2022, Antaranews

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