Q3 2019: PLN's Net Profit and Revenue Increase

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Andrea Lidwina 20/11/2019 12:22 WIB

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PLN's financial performance in Q3 2019 was better than the same period in the previous year. The company achieved a net profit of Rp 10.9 trillion and revenue of Rp 209.3 trillion.

PLN's Revenue and Net Profit for Quarter III

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Q3 2019: PLN's Net Profit and Revenue Increase

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PLN's Revenue and Net Profit for Quarter III

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PT Perusahaan Listrik Negara (PLN)'s financial performance in Q3 2019 was better than the same period in the previous year. The company achieved a net profit of Rp 10.9 trillion, compared to a loss of Rp 18.5 trillion in the previous year.

This profit increase was supported by government compensation for the basic cost of electricity provision (BPP) amounting to Rp 19.74 trillion. In addition, the government paid electricity subsidies totaling Rp 40.64 trillion from January to September 2019.

Not only net profit, but the state-owned company's operating revenue also grew. It increased by 4.17% to Rp 209.3 trillion, from Rp 200.9 trillion previously.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."