Jakarta - PT MNC Energy Investments Tbk (IATA) recorded a net profit surge of around 735.49% to US$32.19 million in the first half of this year from the same period last year of only US$3.85 million.

The increase in net profit was driven by the high achievement of operating revenues of around 254.36% to US$84.50 million from US$23.85 million.

"This achievement was supported by high demand for energy resources such as coal as a result of countries that depend on oil and gas scrambling to find alternatives after experiencing difficulties in securing supplies," IATA press release, Thursday (9/8).

In addition, the profit recorded by the company comes from BCR's subsidiaries, PT Putra Muba Coal (PMC) and PT Bhumi Sriwijaya Perdana Coal (BSPC), each of which targets production of 4.5 million MT and 1.8 million MT for 2015. This increased from 2 million MT to 590 thousand MT in 2021.

In addition to PMC and BSPC, another BCR subsidiary,