JAKARTA, 30 April 2017 –
PT Aneka Gas Industri, Tbk. (“AGII”) has released its interim financial statements for the three months ended on 31 March 2017.
Financial Highlights and Operational Indicators
AGII generated higher net revenue for the three months ended on March 31, 2017 of Rp. 42.554 billion or around 10,93% to Rp 431.927 billion from Rp 389.372 billion in the first quarter of 2016. This higher net revenue was mainly due to the increase in gas sales of Rp.32.934 billion or around 9.5% to Rp 381.328 billion that derived from volume growth of around 7.5%. Industrial gas sales prices throughout first quarter 2017 increased as a result of the impact of inflation and product mix as well as the increase in equipment and services sales of Rp. 9.621 billion or amounting to 23.48% to Rp.50.599 billion. The sales growth contribution in first quarter 2017 was mostly backed by the medical, infrastructure as well as the consumer goods sector, which accounted for around 10% compared to the same period in 2016. The number of filling stations in first quarter 2017 amounts to 85 units.
As a result of the significant sales growth, the Company also registered improved profitability ratios, namely in terms of its gross profit margin, EBITDA margin, EBIT margin and net profit margin for the year, which was respectively at 46.84%, 33.92%, 21.13%, and 6.54%.
The Company’s solvency ratio improved in the first quarter of 2017 compared to the same period in the previous year, which was caused by the Company’s total loans that registered a net decrease of Rp 21.167 billion to Rp 2.537 trillion thereby the Interest-bearing Debts/Equities ratio and Net Debts/Equities ratio as well as Interest-bearing Debt to Op. EBITDA and Net Interest-bearing Debt to Op. EBITDA improved respectively to 0.91x, and 1.09x as well as 3.94x and 3.57x.
About PT Aneka Gas Industri Tbk:
PT Aneka Gas Industri Tbk (“AGII”), is the largest industrial gas company in Indonesia and is engaged in four business lines, namely: 1) industrial gas production, 2) industrial gas trading, 3) industrial gas equipment trading and 4) industrial gas equipment installation.
AGII is publicly listed on the Indonesian Stock Exchange and is majority owned by the Samator Group.
As of March 31, 2017, AGII had 44 industrial gas plants and 85 filling stations in 22 provinces across Indonesia.
For more information, please contact :Corporate Secretary Rachmat Harsono – Aneka Gas Industri Tel: (62-21) 8370 9111 Email: [email protected]
Investor Relations Edison Bako Tel: (62-21) 8370 9111 ext. 117 Email: [email protected]