Throughout 2018, PT Saka Energi Indonesia recorded net revenue of US$584.77 million and gross profit of US$153.09 million. After administrative and finance expenses, impairment losses on oil and gas properties, and income tax expenses, the company reported a profit for the year of US$16.17 million, reversing a US$93.68 million loss in 2017. As of December 31, 2018, total assets reached US$2.61 billion, with total liabilities of US$1.79 billion and equity of US$812.06 million. Net cash generated from operating activities reached US$338.66 million, while year-end cash and cash equivalents stood at US$513.04 million.
