Investor Presentaiton
Consolidated Profit & Loss Statement -1H 2021
Higher revenue and profitability as results from higher
average gold selling price
Archi's consolidated revenues of 1H 2021 was at US$142.4mn,
an increase of 9% compared with US$130.1mn of 1H 2020.
Increase in revenue was mainly driven by higher average gold
selling price of US$1,802 per oz, an increase of 9%.
Archi's EBITDA of 1H 2021 was at US$75.5mn, an increase of
5% compared with US$71.7mn of 1H 2020.
Net profit increased by 24% to US$32.6 mn.
Increase in profitability was mainly driven by 9% higher average
gold selling price and 16% lower mining costs from US$3.35 per
ton to US$2.83 per ton. Absolute mining costs were higher due
to short term increase in stripping ratio due to opening Araren
stage 5 Pit.
Selected Key Items
In US$ million,
For the year ended 30th June
unless stated otherwise
2021
2020
% chg
Revenue
142.4
130.1
9
Cost of goods sold
(81.8)
(64.9)
26
Gross profit
60.6
65.1
(7)
Selling, general & administrative expenses
(4.4)
(7.3)
(40)
Other income/ (expenses)
6.1
(1.2)
618
Income from Operations
62.2
56.6
10%
Finance income/ (costs)
(10.9)
(12.4)
(11)
Share of profit in associates
0.5
100
Profit before income tax expenses
51.8
44.3
17
Income tax expenses
(19.2)
(18.0)
6
Net profit
32.6
26.2
24
EBITDA (1)
75.5
71.7
5
Note:
The financial results for the six months' period ended 30th June 2021 and 2020 have been prepared in accordance with Indonesian Financial Accounting Standards and are unaudited.
(1) EBITDA refers to profit for the year before finance costs, finance income, income tax expense, depreciation and amortization.
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