Energi Mega Persada recorded a net profit of US$ 28 million in 2019
JAKARTA – Energi Mega Persada Tbk, an oil and gas company, managed to record US$ 28 million in net profit in 2019. In 2018, the company recorded a loss of US$ 12.7 million.
Chief Financial Officer of Energi Mega Persada, Edoardus Ardianto said through his official statement on Tuesday (31/3) that the company recorded revenue growth in 2019, from US$ 273.46 million recorded in 2018 to US$ 334.34 million.
At the same time, the company managed to reduce its cost of goods sold to US$ 176 million, enabling it to record a gross profit of US$ 157.5 million. (ARM/AR)