PT Merdeka Battery Materials Tbk. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 444.22 million compared to USD 142.73 million a year ago.

Net income was USD 3.67 million compared to net loss of USD 7.01 million a year ago. Basic earnings per share from continuing operations was USD 0.00003 compared to basic loss per share from continuing operations of USD 0.00007 a year ago. Diluted earnings per share from continuing operations was USD 0.00003 compared to diluted loss per share from continuing operations of USD 0.00007 a year ago.