PT Ancora Resources Tbk (OKAS) this year targets sales and operating profit of US$108.20 million and US$7.53 million, respectively.

The 2020 annual report published on Friday (2/7) revealed that the realization of sales and operating profit last year reached US$108.30 million and US$4.38 million, respectively.

Ancora also set an estimated total asset of US$222.30 million, with an EBITDA of US$15.02 million. Meanwhile, the target financial burden is around US$10.12 million.

The company prepares some work plans this year. The work plans include continuing the efficiency program, carrying out additional exploration work to obtain more accurate gold reserve data. In addition, the company continues the plan to build a booster plant in Kalimantan. In addition, the company plans to restructure its loans and business entities, obtaining new contracts to supply ammonium nitrate, blasting services.

With the improvement in the condition of the coal minin