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 – Coal service mining contractor, PT Samindo Resources Tbk (MYOH) recorded a jump in the net profit by 25% becoming US$12.19million from previous one of US$9,75 million due to supported by the exchange rate differences.
The released financial statement, Wednesday (24/8/2016) mentioned that the exchange rate difference from the financial statement translation reached US$2.04million in the first half 2016. However, a year before the Company suffered exchange rate loss US$2.63million.
Putting into detail, the Company’s revenue with ticker code MYOH is being corrected 11.02% becoming US$94.67milion in the first half from US$107,43million.
However, the Company managed to suppress the cost of revenue by 16.07% becoming US$75.31million from US$89.73million. Thus, the gross profit obtained by the Company increased by 9.4% becoming US$19.35million from US17.69million.
Income before tax pocketed by the Company also increased by 23.99% becoming US$16.52million from US$13.32 million. Profit for the year jumped 25.01% becoming US$12.22million from US$9.77million.
Until 30 June 2016, Samindo’s total asset reached US$150.53 million lower than last year of US$161.23million. Liabilities was suppressed becoming US$50,94 million, and equity increased by US$99.58million from US$93.34million.