Sign up | Log in



Home  >>   Daily News  >>   Indonesia News  >> Energy  >> Pertagas booked 29% net profit growth in 2013
NEW UPDATES Asean Affairs  26 March 2014  

Pertagas booked 29% net profit growth in 2013

PT Pertamina Gas (Pertagas), a subsidiary of state-owned oil and gas giant PT Pertamina, booked a 29 percent increase in net profit to US$158.84 million in 2013.

In addition, reported the firm recorded a rise of 54 percent in its revenues to $615.46 million last year from $400.22 million the previous year.

"In the past five years, Pertagas' profit has increased significantly and the company's performance has been included in the AA category, which defines a company as healthy. This has encouraged us to compete in the gas industry," Pertagas president director Hendra Jaya said in Jakarta on Monday.

According to the firm’s data, it booked Rp 198 billion ($17.42 million) in net profits in 2009, Rp 555 billion in 2010, Rp 808 billion in 2011 and Rp 1.21 trillion in 2012.

High growth in the firm's 2013 revenue was supported by a 65 percent increase in its revenue from commercial gas to $246.28 million compared to the $149.47 million it booked in 2012.

In the commercial gas sector, Pertagas was able to reach 33.866 billion British Thermal Units (BBTU) per day, up from 23.070 BBTU the previous year.

“This is a result of expanding our market in West Java and East Java and fertilizers in South Sulawesi," Hendra said.

He also said revenues from gas transportation and processed oil and gas transportation were increasing.

Other significant growth could be seen in the sales of liquefied petroleum gas (LPG) and lean gas, which reached $87.68 million throughout last year, a 483.82 percent jump from 15.02 million in 2012.

Pertagas invested $286.64 million in 2013, up by 213.92 percent compared to the investment it made the previous year, which totaled $91.36 million.

Seventy six percent of its $930 million investment this year was allocated to pipeline projects between Arun (Aceh) and Belawan (North Sumatra), Muara Karang (Jakarta) and Tegalgede (West Java), and Gresik (East Java) and Semarang (Central Java). (nfo)

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                             March 26, 2014 Subsribe Now !
• Anti-govt movement marches for campaign 'reform before election' rally Subcribe: Asean Affairs Global Magazine
• MH370: 'Lost in Indian Ocean'
• Businesses upbeat about Indonesia in 2014: Fitch
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Pertagas booked 29% net profit growth in 2013
• Consumers spend big on electronics
Asean Analysis                    March 25, 2014
• Asean Analysis March 25, 2014
Singapore’s inflation at four-year low in February as car prices drop
Advertise Your Brand

Asean Stock Watch    March 25, 2014
• Asean Stock Watch-March 25 2014
The Biweekly Update
• The Biweekly Update  March 21, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand