AGII Hits Another All-Time High Sales Record, Net Profit Grew 153.3% Q1-2021
By Press Release07 May 2021
Jakarta, 07 May 2021 – PT Aneka Gas Industri Tbk (Bloomberg Code: AGII IJ or “the Company”) has announced its First Quarter 2021 Consolidated Financial Statements for the three months ended March 31, 2021 and 2020. In Q1 2021, total sales reached IDR 642.7 billion, or increased 18.0% compared to that of Q1 2020. Gross Profit reached IDR 295.6 billion per March 31, 2021, or increased 19.8% compared to that of March 31, 2020 which amounted to IDR 246.7 billion. Profit for the year reached IDR 51.5 billion, or grew 153.3% compared to March 31, 2020 of IDR 20.3 billion. After reporting all-time high sales in Q4 2020, the company again posted an all-time high quarterly sales for Q1 2021, with a growth of 5.1% compared to that of Q4 2020.
President Director of AGII, Mr. Rachmat Harsono, said “We are grateful for the strong achievements and performance during the first quarter of 2021. Sales grew by 18.0% year-on-year, significantly higher than the reported National Gross Domestic Product (“GDP”) growth of -0.74% during Q1 2021. We see high demand for our products and services not only from the Healthcare Sector, but also from other sectors including Infrastructure and Retail which are starting to show recovery in their respective industries. Our EBITDA and Profit for the Period Margin stood at 33.8% and 8.0%, respectively, which are among the highest margins we have reported over the past few years. That said, we will remain committed to our strategy in targeting high growth market segments, enhance operational excellence, and ensure that our capital resources are not only sufficient, but also superior to support a sustainable growth strategy ”.
Please click here to read full article.