JAKARTA - PT Energi Mega Persada Tbk (EMP) posted a net profit of 66 million US dollars or Rp1 trillion throughout 2022.
This number has increased by 65.92 percent compared to the previous year which was recorded at US$40.23 million.
Energy President Director Mega Syailendra S Bakrie said the main factor that caused the increase in EMP's Sales and Net Profit performance was an increase in Company's oil production from the previous year.
"Also EMP's ability to streamline operational costs to increase Company profitability," he said in a statement to the media, Friday, March 31.
He continued, the company's revenue was also observed to have increased from US$406.09 million to US$451.93 million.
EMP also recorded an increase in EBITDA to 295.59 million US dollars from the previous 273.95 million US dollars.
The company's long-term debt also fell from 42.93 million US dollars to 39.84 million US dollars and operating profit was also recorded at 167 million US dollars.
Syailendra melanjutkan, folus perusahaan saat ini adalah untuk mengoptimalisasi kinerja di 11 wilayah kerja dalam portfolio EMP termasuk di antaranya terus menjaga reservement ratio (RRR) yang sehat.
"We hope that the increase in production from all these assets will be reflected in the Company's improving financial performance in the future," explained Syailendra.
He said EMP was still looking for opportunities to acquire new assets that could add value to shareholders in the future.
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