First Quarter FY2020, AGII Sales Grew 4.2% to IDR 544 Billion
By Press Release03 July 2020
Jakarta, 03 July 2020 – PT Aneka Gas Industri Tbk (Bloomberg Code: AGII IJ) has announced its Q1-2020 Consolidated Financial Statements for the three months ended 31 March 2020 and 2019. In Q1-2020, Total Sales reached Rp 544.4 billion, or increased 4.2% compared to that of Q1-2019. Gross profit reached IDR 246.7 billion as of March 31st 2020, more or less stable or slightly decreased by 0.2% from IDR 247.2 billion of Gross Profit on March 31st 2019. Profit for the year reached Rp 20.3 billion, decreased 34.4% from IDR 30.9 billion in Q1-2019.
AGII President Director, Rachmat Harsono, said “In the First Quarter of 2020, PT Aneka Gas Industri managed to book revenue growth of 4.2% compared to the same period of last year, with support from growth in the Healthcare and Consumer Goods segment. By continuing operational efficiency measures, business development in diversified customer segments, as well as pass-through pricing mechanisms, AGII was able to maintain EBITDA and Income for the Year Margins at 30.7% and 3.7% respectively in Q1-2020. Debt to Equity Ratios stood at 1.17 times, in accordance with management's commitment to target the ratio below 1.5 times. Until the end of 2020, AGII will continue to strive and help maintain the supply of industrial gas in the nation while maintaining customer service excellence as well as further improve our operational efficiencies through various technology applications ".
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