JAKARTA (Yosefardi) – State oil and gas distributor PT Perusahaan Gas Negara (PGN) Tbk (PGAS) booked net profit of US$893.88 million in 2013, down 2.4% from US$915.25 million in 2012.
Net revenues meanwhile increased 16% to US$3 billion from previous US$2.58 billion. Cost of revenues also rose to US$1.58 billion from earlier US$1.11 billion.
The gross profit was US$1.42 billion (2012: US$1.47 billion). Operating profit fell to US$933.68 billion from US$1.02 billion in 2012.
Its assets totaled US$4.36 billion while liability amounted US$3.91 billion. The company has huge cash of US$1.32 billion.