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PGN Saka 1Q21 Financial Report

During the first quarter of 2021, PT Saka Energi Indonesia recorded net revenue of US$46.69 million and a gross loss of US$11.90 million. After administrative, finance, tax, and other expenses, the company reported a loss for the period of US$20.27 million, improving from a US$26.48 million loss in the same period of 2020. As of March 31, 2021, total assets reached US$1.87 billion, with liabilities of US$1.39 billion and equity of US$486.13 million. Net cash generated from operating activities was US$24.90 million, while cash and cash equivalents stood at US$161.83 million at the end of the period.

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