PGN profits up 30% on higher sales volume
The Jakarta Post
State owned PT Perusahaan Gas Negara (PGN) reported a significant growth in profits last year, on the back of rising sales and higher prices.
The company, whose shares are traded on the Indonesia Stock Exchange (IDX) as PGAS, booked US$890.89 million in net profits last year, increasing by 30.8 percent compared to $680.8 million a year earlier.
The growing net profits were supported...