Jakarta - The state-owned mining industry holding company MIND ID announced a consolidated net profit of Rp9.8 trillion compared to a loss in the same period last year of Rp1.4 trillion.

"Since the beginning of 2021, MIND ID has placed its main attention on the operational aspects of MIND ID Members. Operational innovations are carried out to produce more effective and efficient business processes while maintaining strict health protocols," said MIND ID Group CEO Orias Petrus Moedak on Friday (29/10).

He continued, net profit margin also improved, recorded at 15.4% from minus 3.0% previously. MIND ID recorded revenue at Rp63.8 trillion or 35% higher. The three biggest revenue contributors came from coal, gold, and tin commodities.

MIND ID's profitability was also demonstrated by the achievement of EBITDA of Rp19.8 trillion, with an EBITDA margin of 31.0%, 179% higher than the achievement of the same period last year.

"In the