Continuously Responsive and Adaptive to Various Industry Needs, AGII Achieved Sales Growth at 8.7%

By Press Release31 October 2023

Jakarta, 31 October 2023–PT Samator Indo Gas Tbk (Bloomberg Code: AGII IJ or the “Company”) has released its Consolidated Financial Statements for the nine months ended 30 September 2023 (“9M-2023”) and 30 September 2022 (“9M-2022”). As of the 9M-2023 period, Total Sales reached IDR 2,067 trillion, an increase of 8.7% compared to that of 9M-2022. Gross Profit reached IDR 937 billion, an increase of 45.3% compared to that of the previous year, and Profit for the Year hit IDR 114,90 billion, an increase of 5.6% compared to that of 30 September 2022, which reached IDR 75.81 billion.

Rachmat Harsono, AGII President Director stated, “Strong demand came from various sectors that support the positive performance achieved by the Company. As per this quarter, the Company’s Total Sales grew positively by 8.7% compared to that in the same period last year. The Medical Sector was the strongest contributor to Total Sales due to our ability to maintain both new and existing hospital networks. In addition, the Company also acknowledges the strongest year-on-year growth performance from its Other Manufacturing Sector, specifically driven by the increase in demand from oil and gas customers. The Company has seen a similar pattern which started in the first semester of this year.”

“We are also anticipating more growth engines from the Infrastructure Sector with a plant similar to the one we are building from our esteemed clients, PT Infineon Technology. The Nitrogen Gas Plant which will be dedicated to serve PT Infineon Technology needs, is scheduled for commissioning in 2025. The Company continues to build a strong balance sheet through the issuance of Bonds and Sukuk Ijarah in this quarter. This refinancing strategy, which was completed through the Continuous Public Offering III Phase I 2023 will help to boost the Company’s profitability,” he added.

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