Rancakmedia.com – MDKA's profits and sales are shrinking in contrast to ANTM and INCO. Based on the company's financial report, the issuer codenamed MDKA recorded sales of $321,86 million in 2020. The profit was 20,14% below the 2019 figure of $402,03 million.
PT Merdeka Copper Gold Tbk (MDKA). Achieve reduced performance finance in 2020. This reduction in performance occurred when several other mineral mining companies were developing.
Market players respond negatively to performance reports. In trading session 1 Thursday (15 April 2021), shares MDKA fell 3,17% to IDR 2.140.
Overall business transactions reached IDR 81,11 billion, with foreign investors net selling IDR 16,47 billion. Based on the company's financial report, the issuer codenamed MDKA recorded sales of $321,86 million in 2020. The profit was 20,14% below the 2019 figure of $402,03 million.
Revenue was divided into gold, silver and copper cathode sales of $319,66 million and other sales of $2,19 million.
Exclusively, sales of 3rd faction gold, silver and solid copper cathodes for export and local sales experienced a reduction. Export sales fell 11,5% year on year to $344,44 million, while local sales fell 86,9% year on year to $3,89 million.
Meanwhile, the realization of postal protection increased to 28,67 million USD compared to 2019 of 11,94 million USD. In addition, MDKA's sales costs decreased to $ 207,73 million from $ 246,59 million in 2019.
In line with this, the annual profit attributable to the owners of the parent company fell 48,5% to $ 36,19 million from a profit of $ 70,82 million in 2019. MDKA's total liabilities at the end of 2020 were 365,96 million. USD and thus under the status of 427 million USD at the end of 2019.
MDKA Profits and Sales
MDKA's total assets were $929 million at the end of 2020, down from $951,25 million at the end of 2019. Total assets including MDKA's liquidity and banking status at the end of 2020, were $51,02 million, up from $49,59. .2019 million at the end of XNUMX.
However, cash flow from routine operations decreased to $ 119,96 million, compared to $ 123,35 million in 2019. On the other hand, MDKA experienced a reduction in performance when several mineral mining issuers were happy that 2020 went well.
PT Vale Indonesia Tbk. (INCO) For example, even though sales fell slightly by 1,82% to $764,74 million, the company recorded an increase in profits this year that could be attributed to the owners of the parent company, amounting to 44,2% to $82,81 million.
Besides that, PT Various Tambang Tbk. (ANTM) recorded a 16,3% reduction in sales to 27,3 trillion rupiah in 2020. However, annual profits attributable to the owners of the parent company rose 495% from profit status in 2019 to 1,14 trillion rupiah.
Conclusion
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