Jakarta, ID
Monday, May 28 2012, 08:44 AM

Business

Elnusa's net profit soars 445 percent in H1

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Local oil and gas service company PT Elnusa's first-half net profit soared 445 percent this year on the back of currency gains.

Elnusa's net profit increased to Rp 465.5 billion (US$47 million) in the first six months of this year from Rp 85.3 billion in the same period a year earlier.

The rise in the net profit is partly due to a significant jump in currency gains, which rose to Rp 35.6 billion from Rp 5.8 billion