PT Indo Tambangraya Megah Tbk (ITMG), until the first semester of 2021, posted a profit for the period attributable to owners of the parent entity in the first semester of 2021 of US$117.62 million, an increase of 293.65% compared to the same period the previous year of US$29.88 million.

The financial report published on Monday (9/8) showed the significant profit growth was supported by a 19.63 percent decrease in the cost of revenue to US$448.95 million from US$558.63 million.

In addition, net income also increased by about 17.57 percent to US$676.30 million from US$652.62 million.

As for the end of June 2021, the company's total assets reached US$1.31 billion, with liabilities of US$408.16 million and equity of US$906.40 million.