BRMS — A 287% yoy higher revenue due to increased gold production

BRMS — A 287% yoy higher revenue due to increased gold production Bumi Resources Minerals (BRMS) reported a significant improvement in its financial and production results in 1H24. The company produced 26,744 oz of gold (+251% yoy) and achieved an average sale price of USD2,209 per oz (+15% yoy). Consequently, BRMS’s revenue and operating profit surged to USD61.2 mn (+287% yoy) and USD16.2 mn (+223% yoy), respectively. Net profit also substantially increased by 67%, reaching USD9.4 mn. BRMS remains committed to adding shareholder value through transparent quarterly disclosures and regular investor site visits. (Source : Company)