Coal miner TBS Energi Utama (TOBA), linked to the family of Luhut Binsar Panjaitan, coordinating minister of maritime and investment affairs, booked net profit of US$51.2 million in the first half (H1) of 2022, jumped 70% year on year (y/y) as revenue grew 47.6% y/y to US$279.5 million. Operating profit jumped 60% y/y to US$72.6 million, thanks to higher average price of thermal coal.To subscribe please click here
