PT TBS Energi Utama Tbk 2018 AR2
The report highlights PT Toba Bara Sejahtera Tbk's performance in 2018 as it transitioned toward becoming an integrated energy company. Key achievements included reaching financial close for the Sulut-3 coal-fired power plant project and commencing construction on the Sulbagut-1 project. Additionally, the company completed the strategic acquisition of a 5% stake in PT Paiton Energy, diversifying its portfolio. Financially, the company recorded a 41.1% revenue growth to US$438.4 million and a 64.5% increase in net profit to US$68.1 million, driven by higher coal production and average selling prices.
Company: PT TBS Energi Utama Tbk
Sector: Energy
Country: Indonesia
Year: 2018
Type: AR2
Pages: 354
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PT TBS Energi Utama Tbk
Annual Report
The report highlights PT Toba Bara Sejahtera Tbk's performance in 2018 as it transitioned toward becoming an integrated energy company. Key achievements included reaching financial close for the Sulut-3 coal-fired power plant project and commencing construction on the Sulbagut-1 project. Additionally, the company completed the strategic acquisition of a 5% stake in PT Paiton Energy, diversifying its portfolio. Financially, the company recorded a 41.1% revenue growth to US$438.4 million and a 64.5% increase in net profit to US$68.1 million, driven by higher coal production and average selling prices.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English, Indonesian
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees