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.
KONTAN.CO.ID - JAKARTA. An integrated coal mining service provider company in Indonesia, PT Samindo Resources Tbk, recorded excellent performance throughout 2018. The issuer coded MYOH shares incised revenues of US $ 241.1 million, up 28.2% from the previous year of US $ 188.07 million.
In terms of profitability, all components recorded a positive increase. The main driver of the increase in MYOH profitability is supported by the efficiency that has been encouraged since early 2018.Management encourages all activities, especially operations, to be carried out effectively. The thing meant is that the costs arising from inefficiencies can be reduced.
Ahmad Zaki, Investor Relations Manager of PT Samindo Resources Tbk, stated that MYOH management regularly strives to improve the capabilities and professionalism of all companies. "Various training and certifications have been carried out by the company every year," he said.
In terms of non-operational costs, MYOH also made some efficiency. General and administrative expenses recorded a decrease of 8.9% compared to 2017.
"MYOH management always emphasizes to all corporate entities to always be professional and strive to always improve the capabilities of each individual in a sustainable manner, this has proven to be successful in boosting the profitability of the Company throughout 2018," Ahmad Zaki added Wednesday (20/3).
MYOH incised the current year's profit of US $ 30.93 million, up around 151.3% compared to 2017 amounting to US $ 12.31 million.