PT Trimegah Bangun Persada Tbk (NCKL), known as Harita Nickel, delivered impressive financial results for the third quarter of 2024, with revenue for the first nine months reaching IDR 20.3 trillion, an increase of 18.02% year-on-year, largely contributed by the nickel processing and mining division. The Chinese Lygend-affiliated companies were the largest buyers, with transaction volumes growing significantly. Despite rising costs, gross profit and net profit still increased, and net profit attributable to the parent company's owners also grew. As a nickel enterprise, NCKL operates two mines to supply ore to its smelters, targeting the production of 120,000 tons of nickel pig iron and nickel. Through its HPAL refinery, it aims to produce 80,000-85,000 tons of MHP nickel, with ONC already operating at full capacity. NCKL is also exploring battery material development, with total assets of IDR 51.69 trillion and a manageable debt ratio, solidifying its leadership in the global nickel mining sector.
Indonesian Nickel Resource Companies' Performance Continues to Improve
www.indoent.com
2025-01-14
PT Trimegah Bangun Persada Tbk (NCKL), known as Harita Nickel, delivered impressive financial results for the third quarter of 2024, with revenue for the first nine months reaching IDR 20.3 trillion, an increase of 18.02% year-on-year, largely contributed by the nickel processing and mining division. The Chinese Lygend-affiliated companies were the largest buyers, with transaction volumes growing significantly. Despite rising costs, gross profit and net profit still increased, and net profit attributable to the parent company's owners also grew. As a nickel enterprise, NCKL operates two mines to supply ore to its smelters, targeting the production of 120,000 tons of nickel pig iron and nickel. Through its HPAL refinery, it aims to produce 80,000-85,000 tons of MHP nickel, with ONC already operating at full capacity. NCKL is also exploring battery material development, with total assets of IDR 51.69 trillion and a manageable debt ratio, solidifying its leadership in the global nickel mining sector.
PT Trimegah Bangun Persada Tbk (NCKL), known as Harita Nickel, delivered impressive financial results for the third quarter of 2024, with revenue for the first nine months reaching IDR 20.3 trillion, an increase of 18.02% year-on-year, largely contributed by the nickel processing and mining division. The Chinese Lygend-affiliated companies were the largest buyers, with transaction volumes growing significantly. Despite rising costs, gross profit and net profit still increased, and net profit attributable to the parent company's owners also grew. As a nickel enterprise, NCKL operates two mines to supply ore to its smelters, targeting the production of 120,000 tons of nickel pig iron and nickel. Through its HPAL refinery, it aims to produce 80,000-85,000 tons of MHP nickel, with ONC already operating at full capacity. NCKL is also exploring battery material development, with total assets of IDR 51.69 trillion and a manageable debt ratio, solidifying its leadership in the global nickel mining sector.
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