Indonesia’s state gas distribution firm Perusahaan Gas Negara (PGN) said foreign exchange losses caused its first half net income to drop by 82% from the same period last year. According to the Jakarta Post, PGN’s corporate secretary, Widyatmoko Bapang, said net income in the first half ending June 30 was Rp 76 billion compared to…
INDONESIA: PGN reports 82% drop in net income on forex losses
Posted on September 6, 2004 by EnergyAsia