Resilient and Adaptive, AGII Reports 9M2021 Performance Contributive to Medical Oxygen Fulfillment in Indonesia

By Press Release15 November 2021

Jakarta, 02 November 2021 – PT Aneka Gas Industri Tbk (Bloomberg Code: AGII IJ or the “Company”) has announced its Interim Consolidated Financial Statements for the nine month period ended 30 September 2021 and 2020. Total sales reached IDR 2.07 trillion as of 30 Sep 2021, or increased 31.6% year-on-year. Gross Profit reached IDR 958.69 billion as of 30 Sep 2021, or increased 42.3% year-on-year. Profit for the Year reached IDR 178.86 billion as of 30 Sep 2021, or increased 456% year-on-year.

The President Director of AGII, Mr. Rachmat Harsono, said "The third quarter of 2021 is a historical period for Indonesia, where thanks to the efforts and mutual cooperation of the nation, the number of COVID-19 cases continued to significantly decline every month. As the largest medical oxygen producer in Indonesia, PT Aneka Gas Industri Tbk, with proactive support and daily coordination with the government, worked to ensure medical oxygen supply needs were fulfilled when pandemic cases increased in July 2021. In addition, we also continued to improve process optimization through technological innovations such as telemetry, which allows us to monitor gas supply in our tanks online and in real-time, as well as Cylinder Tracking technology, which is useful in monitoring the mobilization and asset turnover of our cylinders”.

“Our financial achievements were driven by the Company's ability to provide the best service to customers and maintain superior operations. Although the demand for medical oxygen increased sharply during the third quarter of 2021, the Company took the policy not to increase selling price. As COVID-19 cases declined during the following months, we began to gradually allocate our oxygen supply to industrial clients as previously they were entirely allocated for medical needs. On that note, we would also like to express our honor to the Founder of Samator Group and former President Commissioner of AGII, the late Mr. Arief Harsono, The Oxygen Father of Indonesia, who passed away in July 2021. His leadership and legacy will continue to inspire us in always giving our best to the Republic of Indonesia. Our strength and dedication not only makes the Company resilient, but also makes us adaptive and able to maintain strong performance in various pressures," he added.

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