JAKARTA (Yosefardi) – Oil and gas producer PT Medco Energi Internasional TBk (MEDC) plans to pay debt debt of Rp1.02 trillion, including interest payment of Rp35.14 billion, in June 17, 2014.
The bond was issued in June 17, 2009 with interest rate of 14.25% per annum. The bond debt payment will be funded by MEDC’s internal cash. As of March of this year, MEDC has cash and cash equivalent of US$373.84 million.
Its assets totaled US$2.69 billion while liability reached US$1.77 billion. MEDC booked sales and other operating revenue of US$201.98 million in first quarter of this year, of which net oil and gas sales totaled US$190.33 million.
In first quarter of 2013, MEDC booked sales and other operating revenue of US$220.16 million, of which net oil and gas sales amounted US$206.49 million.
The company booked net profit of US$5.31 million in first quarter of this year, jumped 52% from US$3.48 million in the same period of last year.