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Sabtu, 30 April 2011

PGN Profit Grows 18%, Revenue Up 5.7% - The Indonesia Today

State-owned gas producer PT Perusahaan Gas Negara Tbk (PGAS) posted net profit of Rp2.16 trillion in the first quarter (Q1) of 2011, increased 18% from Rp1.83 trillion in the same period of last year.

It recorded net earning per share (EPS) of Rp86, compared to previous Rp71.

Revenue only rose 5.7% to Rp4.74 trillion from Rp4.49 trillion in the first quarter of 2010.

Gross profit rose 10% to Rp2.99 trillion while operating profit increased 7.8% to Rp2.27 trillion.

As of March 2011, its assets totaled Rp31.19 trillion while liability amounted Rp14.04 trillion.

PGAS is currently priced at Rp4,000 per share. At this price, it has market capitalization of Rp96.97 trillion.

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