You are here

Indonesia's Pertamina Q1 net profit US$28m vs its target of US$427m

Wednesday, April 22, 2015 - 13:42
NDONESIAOI3434.jpg
First quarter net profit at Indonesia's state oil and gas company PT Pertamina came in at US$28 million, far below its target of US$427 million, CEO Dwi Soetjipto said in a parliamentary hearing on Wednesday.

[JAKARTA] First quarter net profit at Indonesia's state oil and gas company PT Pertamina came in at US$28 million, far below its target of US$427 million, CEO Dwi Soetjipto said in a parliamentary hearing on Wednesday.

Revenue was US$10.67 billion, lower than the US$12.31 billion target for the quarter.

REUTERS

Powered by GET.comGetCom