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AGII Sales Grew 8.95% QoQ in Q3-2022 as Company Serves Industrial Downstreaming

By Press Release30 November 2022

Jakarta, 30 November 2022 – PT Aneka Gas Industri Tbk (Bloomberg Code: AGII IJ or the “Company”) has released its Interim Consolidated Financial Statements for the nine months period ended September 30, 2022 (“9M2022”) and 2021 (“9M2021”). As of the 9M2022 period, total sales reached IDR 1.90 trillion, gross profit reached IDR 852.40 billion, and Profit for the Year was positive at IDR 75.81 billion. Total Sales during 9M2022 decreased 8.3% compared to the same period last year, but Q3-2022 Sales increased 8.9% compared to Q2-2022 Sales.

President Director of AGII, Mr. Rachmat Harsono, said “The third quarter of 2022 is a transitional period for the Company. Industrial downstreaming has driven demand growth in Q3-2022, with Manufacturing, Consumer Goods, and Infrastructure experiencing the highest growth among all sectors this quarter. This growth from non-medical customers has resulted in positive Q-o-Q revenue growth of 8.9% in Q3-2022, alleviating the impact from the normalization of the high demand from the medical sector experienced in 2021. In addition, total sales during 9M2022 grew 17.6% compared to that of 9M2019, which indicates a positive pre VS post-COVID performance growth, as well as a 3 (three) year CAGR that is overall higher than that of GDP.”

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