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PGN Saka 1Q22 Financial Report

During the first quarter of 2022, PT Saka Energi Indonesia recorded revenue of US$123.73 million and gross profit of US$42.27 million. After administrative, finance, tax, and other expenses, the company reported a profit for the period of US$19.41 million. As of March 31, 2022, total assets reached US$1.74 billion, with total liabilities of US$1.21 billion and equity of US$533.20 million. Net cash generated from operating activities remained positive at US$90.59 million, while cash and cash equivalents stood at US$131.43 million at the end of the period. The results represented an improvement compared with the same period of the previous year.

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