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Companies & Markets

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

Published Wed, Apr 22, 2015 · 05:42 AM
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[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

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