Coal miner Harum Energy (HRUM), owned by Kiki Barki Family, booked profit attributable to owners of US$151 million in 2023, dropped 50% year on year (y/y), mainly due to a 49.6% y/y increase in cost of revenues and direct costs, to US$543 million. HRUM has aggressively invested in nickel in recent years, but investors might have to tone down expectations.To subscribe please click here