Investor Presentaiton
Consolidated Profit & Loss Statement - 1H22
Selected Key Items
For the period ended 30st June
In US$ million,
unless stated otherwise
2022
2021
% chg
Revenue
119.6
142.4
(16.0)
Cost of goods sold
(79.2)
(81.8)
Gross profit
40.4
60.6
(3.2)
(33.3)
Selling, general & administrative expenses
(6.1)
(4.4)
38.6
Other income / (expenses)
(2.9)
6.1
(147.5)
Income from Operations
31.4
55.5
(43.4)
Finance income / (costs)
(8.5)
(10.9)
(22.0)
Share in profit of associates
0.5
0.5
0.0
Profit before income tax expenses
23.4
51.8
(54.8)
Income tax expenses
(9.4)
(19.2)
(51.0)
Net profit
14.1
32.6
(56.7)
EBITDA (1)
49.3
75.5
(34.7)
Note:
Lower revenue and profitability as a result from
lower gold sales volume
Archi's consolidated revenue reached US$119.6
mn, 16% lower compared to the same period last
year of US$142.4 mn. This decrease was mainly
due to a decrease in gold sold volume from 76.1
koz to 62.5 koz.
Archi's EBITDA reached US$49.3 mn, 35% lower
compared to the same period last year of US$75.5
mn. This decrease was mainly due to a decrease
in gold sold volume as well as addition remediation
expenses of pit post natural disaster incident.
Overall, Archi's net profit was US$14.1 mn, 57%
lower compared to the same period last year of
US$32.6 mn.
The financial results for the six-month' period ended 30th June 2022 and 2021 have been prepared in accordance with Indonesian Financial Accounting Standards and are unaudited.
(1) EBITDA refers to profit for the year before finance costs/income, income tax expense, depreciation and amortization.
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