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.
PT Samindo Resources Tbk (MYOH) recorded a good performance during the third quarter of this year. The company recorded two-digit performance growth both in terms of revenue and net income.
Based on the financial statements released today, MYOH recorded revenues of US $ 175.2 million, up 31.43% compared to the same period the previous year which was recorded at US $ 133.3 million.
The increase in sales was due to an increase in revenues from overburden removal and coal getting services which reached US $ 126.79 million from the previous US $ 90.71 million. Plus from coal transport services and drilling, exploration and other services.
Meanwhile, cost of goods sold was recorded to increase from US $ 116.25 million to US $ 138.21 million. However, the company managed to maintain a record of current year's profit which was recorded at US $ 21.53 million, up 148.9% from the previous US $ 8.65 million.
The company's total assets up to the third quarter were recorded at US $ 142.59 million, up 4.79 percent compared to last year's position of US $ 136.07 million. This is due to an increase in the number of current assets, while non-current assets have decreased.