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AGII President Director, Rachmat Harsono, said “In the First Quarter of 2020, PT Aneka Gas Industri managed to book revenue growth of 4.2% compared to the same period of last year, with support from growth in the Healthcare and Consumer Goods segment. By continuing operational efficiency measures, business development in diversified customer segments, as well as pass-through pricing mechanisms, AGII was able to maintain EBITDA and Income for the Year Margins at 30.7% and 3.7% respectively in Q1-2020. Debt to Equity Ratios stood at 1.17 times, in accordance with management’s commitment to target the ratio below 1.5 times. Until the end of 2020, AGII will continue to strive and help maintain the supply of industrial gas in the nation while maintaining customer service excellence as well as further improve our operational efficiencies through various technology applications “.
● Total Sales reached IDR 544.4 billion in Q1-2020, increased 4.2% from IDR 522.3 billion in the same period of last year supported by growth in Healthcare and Consumer Goods Segments
● Profit for the year reached IDR 20.3 billion in Q1-2020, or decreased 34.4% from IDR 30.9 billion during the same period of last year, due to slowing growth in certain segments accompanied by an increase in financial costs
● EBITDA reached IDR 167.0 billion, decreased 5.7% from IDR 177.0 billion on the same period of last year
● Balance sheet remains strong with a cash position of IDR 429.7 billion as at 31 March 2020 with Debt-to-Asset ratio stable year-on-year at 0.54x