PGN's Net Profit Grew by 21.4% in the First Half of 2022

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Cindy Mutia Annur 23/09/2022 19:20 WIB

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Based on the Indonesia Stock Exchange (IDX) report, Perusahaan Gas Negara (PGN) achieved a net profit of US$238.6 million in the first half of 2022. This represents a 21.4% increase compared to the sa

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PGN's Net Profit Grew by 21.4% in the First Half of 2022

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PGN Net Profit Semester I (2018-2022)

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PT Perusahaan Gas Negara Tbk (PGN) successfully continued its positive financial performance trend in the first half of 2022.

Based on the Indonesia Stock Exchange (IDX) report, PGN earned a net profit of US$238.6 million in the first half of 2022. This amount is equivalent to Rp3.58 trillion (at an exchange rate of Rp15,307/US$).

This achievement by the subsidiary of PT Pertamina (Persero) increased by 21.4% from the same period last year. In the second quarter of 2021, PGN recorded a profit of US$196.5 million.

The increase in net profit for the PGAS issuer came from revenue of US$1.74 billion. The company recorded a gross profit of US$420.9 million, operating profit of US$339.74 million, and earnings before interest, tax, depreciation, and amortization (EBITDA) of US$660.2 million.

Over the past five years, PGN's net profit has shown a fluctuating trend. The highest net profit was recorded in the first half of 2022.

Meanwhile, the lowest net profit for PGN was two years ago, during the initial outbreak of the Covid-19 pandemic. The amount was only US$6.72 million in the first half of 2020.

Editor : Annissa Mutia

"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."