During the first half of 2020, PT Saka Energi Indonesia recorded revenue of US$101.85 million and a gross loss of US$34.70 million. After administrative and finance expenses, as well as impairment losses on exploration assets and oil and gas properties, the company reported a loss for the period of US$122.93 million. As of June 30, 2020, total assets reached US$2.02 billion, with total liabilities of US$1.46 billion and equity of US$563.44 million. Net cash used in operating activities amounted to US$146.16 million, mainly affected by tax dispute payments, while cash and cash equivalents stood at US$270.16 million at the end of the period.
