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Continuing Positive Trend from 2021, AGII Reports Sales Growth of 6.2% in First Quarter 2022

By Press Release20 May 2022

Jakarta, 20 May 2022 – PT Aneka Gas Industri Tbk (Bloomberg Code: AGII IJ or the “Company”) has announced its Consolidated Financial Statements for the three months ended 31 March 2022 (“Q1-2022”) and 2021 (“Q1-2021”). In Q1-2022, total sales reached IDR 682.57 billion, increased 6.2% compared to that of Q1-2021. Gross profit reached IDR 296.13 billion, increased 0.2% compared to that of Q1-2021. Profit for the year reached IDR 45.81 billion, decreased 11.0% compared to that of Q1-2021 which reached IDR 51.48 billion.

President Director of AGII, Mr. Rachmat Harsono, said “In the first quarter of 2022, we've observed great progress in the national economy and have been blessed with the overall recovery of the industry. The demand from sectors such as Consumer Goods, Retail and Other Manufacturing have shown tremendous improvement as we proactively position ourselves as a trusted partner for the nation's industrialization activities.”

“While we welcome these changes, we remain tactful in our action plans. We expect changes in product mix and normalization post-COVID will put slight temporary pressure on net profit level, however we intend to manage that through operational excellence, capital cost optimizations, and strategic expansion projects. Furthermore, we also remain dynamic in determining growth strategies, and will continue to maintain a diversified business portfolio. All in all, we believe we will have the ability to successfully deliver this year's performance targets".

In the first quarter of 2022, the Company has won two awards at the Digitech Award 2022. The first award is The Best Transformation & Digital Innovation, an award given to a company that has made massive transformation in digitizing business processes. The second award is an individual nomination, in which case Rachmat Harsono as the President Director of PT Aneka Gas Industri Tbk won the Best CEO for Corporate Digital & Transformation award.

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