JAKARTA (Yosefardi) – PT Rukun Raharja (RAJA) booked net profit of US$2.3 billion in the first half of 2016, dropped 59.6% from Rp5.7 million in the corresponding period of 2015.

Revenues fell 6.1% to US$77.3 million from previous US$82.02 million. The company’s assets increased to US$156.5 million and liability rose to US$70.7 million

RAJA’s has cash and cash equivalent of US$23.76 billion. It is an Indonesian energy provider. The company’s business activities include supporting services to oil and gas mining, power generation, mining consulting, and port services.