PT Harum Energy Tbk (HRUM) projects revenues this year to reach US$256 million. In 2020, its revenue was at around US$157.8 million.

Based on the Harum Energy 2020 annual report quoted on Tuesday (18/5), the company has set the revenue target with the assumption that coal prices will decline in the Newcastle GC index by an average of above US$80 per ton this year.

The company also plans to produce and sell coal volume of 3.5 million tons each, with an average stripping ratio of 10.5 times this year.

Last year, the company posted coal production and sales volumes of around 2.8 million tons, respectively, with an average stripping ratio of 8.9 times.

The company has also set a target of US$79.8 million for EBITDA in 2021. Meanwhile, the company recorded the achievement of E-CITDA last year at around US$21.9 million.

The improvement in domestic economic growth, which is expected to increase gradually this year, supports the achievement