PT Medco Energi Internasional Tbk ( (PTGIF) ) has released its Q4 earnings. Here is a breakdown of the information PT Medco Energi Internasional Tbk presented to its investors.
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PT Medco Energi Internasional Tbk is a leading Indonesian energy company engaged in oil and gas exploration, production, and power generation. The company operates in the energy sector and is known for its significant contributions to Indonesia’s energy supply. In its latest earnings report, PT Medco Energi Internasional Tbk reported a total revenue of $2.4 billion for the year ending December 31, 2024, reflecting a steady performance in its core operations. The company’s gross profit stood at $933 million, indicating a robust operational efficiency despite challenges in the global energy market. Key financial metrics revealed that the company achieved a net profit of $380 million, with a notable increase in its equity attributable to the parent company, which reached over $2.1 billion. The report also highlighted significant gains from investments and strategic business combinations, contributing positively to the financial results. Looking ahead, PT Medco Energi Internasional Tbk remains focused on optimizing its operational efficiencies and exploring new growth opportunities in the energy sector, as indicated by the management’s outlook.