JAKARTA (Yosefardi) – State gas producer, transmission, and distribution company PT Perusahaan Gas Negara (PGN) Tbk (PGAS) has secured loan facility of US$100 million from PT Bank Mizuho Indonesia.
The agreement was signed in April 14, 2014. The loan will be used to fund PGN’s general spending.
PGN’s liability jumped 77% to US$2.89 billion as at March 2014. Its assets increased 22.8% to US$5.36 billion. PGN has cash and cash equivalent of US$1.17 billion.
PGN booked net profit of US$182.96 million in first quarter of this year, dropped 30% from US$260.02 million in the same period of last year.