State miner Aneka Tambang (ANTM) reported unaudited net sales of Rp14.43 trillion for the first half (H1) of 2019, a 22% growth year on year (y/y). Its gold sales, the main contributor, grew 14% to 15,741 kilograms (kg), compared to 13,760 kilograms in H1 last year. Gold contributed Rp9.61 trillion sales or 67% of total ANTM’s sales in the said period. The higher average price of gold and nickel could also support the company’s financials in the third quarter.
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