Electricity Sales Soar, PLN's Revenue and Net Profit Increase in Q1 2022
- A Small Font
- A Medium Font
- A Bigger Font
State-owned electricity company PT Perusahaan Listrik Negara (Persero) recently released its financial report on Thursday (30/6/2022). PLN recorded an increase in revenue and net profit in Q1 2022.
PLN's revenue increased by 9.6% year-on-year (yoy) to Rp95.92 trillion in Q1 2022. In the same period last year, revenue was recorded at Rp87.55 trillion.
This revenue primarily consists of electricity sales of Rp74.34 trillion. The remainder is supported by government electricity subsidies of Rp12.44 trillion, compensation revenue of Rp7.45 trillion, customer connection revenue of Rp180.92 billion, and other revenue of Rp1.51 trillion.
The increased revenue resulted in an 8.1% (yoy) increase in net profit to Rp5.31 trillion in Q1 2022. In Q1 2021, net profit was recorded at Rp4.43 trillion.
The company's assets were recorded at Rp1,611 trillion. Equity was recorded at Rp987.2 trillion and liabilities at Rp623.8 trillion.
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data