(Bloomberg) -- PT Perusahaan Gas Negara, Indonesia's biggest publicly traded energy company, said its first-quarter profit fell 26 percent as a foreign-exchange loss countered a rise in revenue from transporting gas.
Net income in the three months ended March 31 declined to 514.5 billion rupiah ($57 million) from 693.6 billion rupiah a year earlier, Gas Negara said in an e-mailed statement yesterday. Gas Negara posted a foreign-exchange loss of 95.35 billion rupiah as a weaker rupiah raised the foreign-currency debt burden.
Read more at Bloomberg Emerging Markets News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment