JAKARTA (Yosefardi) – Oil and gas services company PT Elnusa Tbk (ELSA) and its subsidiary PT Elnusa Patra Ritel have in August 19, 2014 set up 2 new units, PT Elnusa Oilfield Services and PT Elnusa Geosains Indonesia.
ELSA posted net profit of Rp178.59 billion in first half of this year, doubled from Rp86.38 billion in the same period of last year.
Revenues only inched up 1.9% to Rp2 trillion from previous Rp1.97 trillion while cost of revenues was maintained at Rp1.69 trillion, flat compared to first half of last year.
Its assets totaled Rp4.14 trillion while liability reached Rp1.79 trillion. The company has cash and cash equivalent of Rp1.14 trillion.