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Aneka Gas eyeing double digit revenue growth in 2017

  • Ahmad Bayuny
    Ahmad Bayuny

    The Jakarta Post

Jakarta | Thu, April 27, 2017 | 07:53 pm
Aneka Gas eyeing double digit revenue growth in 2017 PT Aneka Gas Industri president director Heyzer Harsono (left to right), president commissioner Arief Harsono, vice president Rachmat harsono, and finance director⁠⁠⁠⁠ Nini Liemijanto pose during a photo session after a public expose in Jakarta, on April 27. (JP/Ahmad Bayuny)

Publicly listed gas distributor PT Aneka Gas Industri is aiming for double-digit growth in its 2017 revenue, at around 20 to 30 percent, assuming the country’s gross domestic product (GDP) growth can be maintained at 5 to 6 percent this year.

Aneka Gas saw Rp 1.6 trillion (US$120.17 million) in total sales last year, a 15.75 year-on-year increase. Gas sales, which rose 13.87 percent to Rp 1.4 trillion, were the main driver of the growth.

To reach the 2017 target, the company will expand its network by constructing 11 more gas filling stations in addition to its existing 80 filling stations. The strategy will broaden its nationwide coverage to 34 provinces, from the current coverage of 24 provinces.

“We have constructed two filling stations in Borneo, and will construct the remainder in Ternate, Ambon, Papua, Sumatra, and Java,” Arief Harsono, president commissioner of Aneka Gas Industri, said on Thursday.

(Read also: Aneka Gas to issue Rp 400b in bonds and Islamic bonds)

The construction of one filling station requires a Rp 5 billion to Rp 12 billion investment, depending on the capacity of the gas filling stations and the location of the site, among other factos. (ags)

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The writer is an intern journalist at The Jakarta Post

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