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PGN Saka 4Q19 Financial Report

Throughout 2019, PT Saka Energi Indonesia recorded revenue of US$374.35 million and gross profit of US$45.75 million. However, after administrative and finance expenses, a provision for tax disputes, and income tax expenses, the company reported a loss for the year of US$125.56 million. As of December 31, 2019, total assets reached US$2.30 billion, with total liabilities of US$1.62 billion and equity of US$687.39 million. Net cash generated from operating activities remained positive at US$258.78 million, while year-end cash and cash equivalents stood at US$231.14 million.

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