JAKARTA (Yosefardi) – Oil and gas service firm PT Elnusa Tbk (ELSA) reported 46% growth in net profit for first nine months of this year, though its revenue declined 16%.
It booked net profit of Rp122.72 billion on revenue of Rp2.92 trillion. As cost of revenue also fell 19%, the company recorded a higher gross profit.
Elnusa’s assets totaled Rp4.23 trillion while liability amounted Rp2.07 trillion. It has cash and cash equivalent of Rp1.3 trillion. ELSA shares was traded flat at Rp305 this morning, which might reflect PE multiple 14.1 on annualized EPS.