Elnusa gets $2.2m loans from Naxitis

Fri, 09/12/2008 10:47 AM  |  Business

JAKARTA: Publicly listed upstream oil and gas services company PT Elnusa has secured loans worth US$2.2 million from France-based bank Naxitis.

The company, a unit of state oil and gas firm PT Pertamina, will use the money to purchase seismic equipment from Sercel, a French company, Elnusa corporate secretary Heru Samodra said Thursday in a statement.

This is the second loan Elnusa has received from Naxitis, following July's amount of $4.5 million.

Elnusa recorded a net profit of Rp 85.4 billion ($9.2 million) in the first half of the year from a consolidated revenue of Rp 1.7 trillion.

This year, the company hopes to post Rp 199.8 billion in profits, compared to last year's Rp 110.3 billion. -- JP

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