Samindo Resources is a prominent investment holding corporation and also a public listed company in Indonesia, engaged in integrated coal mining services industry. As an integrated coal mining service company, we deliver the service that can provide solutions in every stage of coal mining operation.
The scope of Samindo Resources business includes four main activities in an integrated coal mining process. The company owns the majority of shares in four subsidiaries and operates two mining concessions in the province of East Kalimantan.
Samindo Resources shares are owned by various leading entities. Our goal is to create shareholder value in the long run by ensuring that we always stride for better performance.
Good Corporate Governance (GCG) is a reference for companies in running their daily operations to ensure that their operations are well manage. In line with the increased activity undertaken by PT Samindo Resources Tbk, the application of GCG principles is also increasing.
The practice of Corporate Social Responsibility (CSR) has the primary purpose of ensuring that the social interests of various stakeholder groups of Samindo Resources can be fulfilled appropriately and proportionately, especially for people living around the Company’s working environments.
Bisnis.com, JAKARTA - PT Samindo Resources Tbk. posted an annual profit growth of 151.3 percent on an annual basis in 2018.
Samindo Resources Investor Relations Manager Ahmad Zaki Natsir explained that the total consolidated revenue was recorded at US $ 241.1 million in 2018, up 28.2% on an annual basis. In terms of profitability, it claims all components recorded a positive increase.
"The main driver of the increase in corporate profitability is the efficiency campaign that has been promoted since the beginning of 2018. Management has encouraged all activities, especially operations, to be carried out effectively," he said in a press release received by Bisnis.com on Wednesday (03/20/2019).
In terms of non-operational costs, Ahmad explained that the company also made some efficiency. General and administrative expenses recorded a decrease of 8.9%.
"The management of the company always emphasizes to all corporate entities to always be professional and strive to always improve the capabilities of each individual in a sustainable manner, this has proven to be successful in boosting profitability throughout 2018," he explained.
In its press release, the issuer coded MYOH shares reported revenues of US $ 241.11 million in 2018. The realization was up 28.2% from US $ 188.07 million in 2017.
From there, the company was able to record gross profit of US $ 50.20 million in 2018. The achievement rose 83.2% from US $ 27.39 million in 2017.
Thus, MYOH posted a profit for the current year of US $ 30.92 million last year. This value grew 151.3% from US, 30 million in 2017.