Giant Coal Issuers Struggled Throughout 2020, Only HRUM Has Managed to Increase Profits

JAKARTA – Big issuers of the coal mining sub-sector listed on the Indonesia Stock Exchange (IDX) must file for losses in the 2020 financial year.

Of the six companies, only PT Harum Energy Tbk. (HRUM) managed to book a profit. In fact, the value skyrocketed to hundreds of percent. Meanwhile, the other five experienced a deep decline in profit. In fact, two of them had to lose money over the past year.

Based on the summary of the financial statements of each company that ended in 2