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PGN Saka 2Q18 Financial Report

During the first half of 2018, PT Saka Energi Indonesia recorded net revenue of US$307.77 million and gross profit of US$82.16 million. After administrative, finance, tax, and other expenses, the company reported a profit for the period of US$5.72 million, reversing a US$77.00 million loss in the same period of 2017. As of June 30, 2018, total assets reached US$2.71 billion, with total liabilities of US$1.90 billion and equity of US$802.59 million. Net cash generated from operating activities remained positive at US$189.82 million, while cash and cash equivalents stood at US$435.06 million at the end of the period.

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