Resource Alam Indonesia lost US$ 7.32 million in 2020

PT Resource Alam Indonesia Tbk posted revenues of US$ 72.22 million, a 37.1 percent decrease from the realization in 2019 which reached US$ 114.85 million. The management said that the decline in revenue was mainly due to weak coal demand, which directly reduced coal selling prices and coal sales volume, especially in the second and third quarters. The company recorded net loss worth US$ 7.32 million in 2020. This is in contrast to its achievement in 2019 which still scored a net profit of up to US$ 5.54 million.

June 10 2021, Kontan - Read 19 times

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