AGII Books IDR 2.61 Trillion Sales in 2022 as Company Serves Demand in Indonesia’s Industrialization Era
By Press Release03 April 2023
Jakarta, 3 April 2023 – PT Samator Indo Gas Tbk (Bloomberg Code: AGII IJ or the “Company”) has released its Consolidated Financial Statements for the years ended December 31, 2022 (“FY2022”) and 2021 (“FY2021”). As of the FY2022 period, Total Sales reached IDR 2.61 trillion, Gross Profit reached IDR 1.16 trillion, and Profit for the Year was positive at IDR 103.89 billion. Total Sales during FY2022 decreased 4.6% compared to the same period last year, however Q4-2022 Sales increased 11.6% compared to Q3-2022 Sales.
AGII President Director, Rachmat Harsono, said, “2022 is a year in which the Company proved our agility and resilience. We have taken and developed various strategic steps to deal with the ever-changing business landscape, starting from the post-pandemic era, industrialization and commodity downstreaming, to the Company’s awareness towards social and environmental values. Our business model in managing a diversified customer base has enabled us to grow in various customer sectors, including from Consumer Goods, Infrastructure and Other Manufacturing, as we are proactively present to support the nation’s industrialization activities. Simultaneously, we also continually innovate by exploring opportunities in Blue Hydrogen, Enhanced Oil Recovery, and Carbon Capture, as well as through efforts to improve the quality of human resources, and work with global investors to strengthen the Company's performance and portfolio."
"We remain fully committed to providing the best for our customers and all of our stakeholders, not only in terms of operational performance, but also in the values that we reflect as a Company. Total Sales during FY2022 grew 18.6% compared to that FY2019, which indicates a healthy and positive pre-VS post-Covid growth, as well as an overall 3 (three) year CAGR that is higher than GDP’s," he added.
Throughout 2022, the Company has earned a rating upgrade to A(idn) with Stable outlook from Fitch Ratings and is currently rated by Sustainalytics ESG Risk Rating. The signing of the Net Zero Hub Memorandum of Understanding with Indonesia’s Chamber of Commerce (“KADIN”) was also carried out as a concrete step for the Company to contribute in sustainable business practices. In addition, as of 31 December 2022, the Company's shares are also included in several respected stock indices, such as IDX80, IDX ESG Leader, and JII70.
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