JAKARTA (Yosefardi) – Oil and gas producer PT Energi Mega Persada Tbk (ENRG), controlled by Bakrie Group, allocates capital expenditure (capex) of US$280 million, equivalent Rp3.2 trillion, for this year, bigger than US$230 capex last year.
ENRG plans to refinance its debt scheduled to mature this year amunting US$62 million. In first quarter of this year, ENRG booked net profit of US$19 million on sales of US$193.8 million.
Its assets totaled US$2.39 billion while liability amounted US$1.48 billion.