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AGII Posted Solid Growth in 2018 with Revenues grew by 12.8% to IDR 2.073 trillion and Net Profit grew by 17.2% to IDR 114.374 billion

By Press Release31 March 2019

JAKARTA, March 31, 2019 – PT Aneka Gas Industri, Tbk. (IDX Ticker Code: AGII.IJ), Indonesia’s largest industrial gas company, released its audited financial statements for full year 2018 (FY 2018), which reported revenue growth of 12.8% y-o-y from IDR 1.838 trillion in 2017 to IDR 2.073 trillion in 2018. The Company also reported Net Profit for the period of IDR 114.374 billion in FY 2018, a 17.2% increase compared to the Net Profit of IDR 97.598 billion in 2017. Some of the Key Highlights of AGII’s FY 2018 financial performance are as follows:

Key Highlights

  • Revenues increased by 12.8% y-o-y from IDR 1.838 trillion in 2017 to IDR 2.073 trillion in 2018, mainly driven by retail and medical sectors.
  • FY 2018 Net profit grew by 17.2% y-o-y from IDR 97.598 billion in 2017 to Rp 114.374 billion in 2018.
  • Overall margins improved due to favorable contribution from the retail and medical sectors
  • AGII has added 9 filling stations in 2018 bringing the total number to 100 filling stations by year’s end
  • FY 2018 Gross Margin amounted to 45.33%
  • FY 2018 Net Margin amounted to around 5.52% compared to 5.31% in the same period last year
  • Balance sheet remained strong with cash position stood at almost IDR 285 billion as of December 31, 2018. Net gearing remains low at 0.48

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