PT Surya Esa Perkasa Tbk. reports 40% increase LPG production with 12% YoY increase in Net Income

PT Surya Esa Perkasa Tbk. reports 40% increase LPG production with 12% YoY increase in Net Income

PT Surya Esa Perkasa Tbk.

reports 40% increase LPG production with 12% YoY increase in Net Income

 

Jakarta, 31 October 2013 – PT Surya Esa Perkasa Tbk. (“SEP” or the “Company”), Indonesia’s only listed LPG Refiner, is pleased to announce its consolidated Financial Statements (unaudited) for financial quarter ending 30 September 2013 (“Q32013”).

The Company recorded Revenue of USD 30.9 million in Q32013 as compared to USD 27.3 million in Q32012, an increase of 13%. EBITDA rose 11% to USD 15.6 million in Q32013 from USD 14 million in Q32012, and Net Profit rose 12% to USD 9.4 million in Q32013 from USD 8.4 million in Q32012.

SEP has produced 33,797 metric tons (“MT”) of LPG and 115,155 barrels of Condensate insofar during 2013, an increase of 40% and 39% respectively over Q32012. The average selling price of LPG over Q32013 decreased by 10.8% to USD 804 per MT, as compared to USD 849 per MT in Q32012. The average LPG price up until Q32013 continues to remain higher than the company’s 2013 guidance of USD 750 per MT.

 

For further information please contact:

Kanishk Laroya

Corporate Secretary & Head of Investor Relations

Tel: +62 21 5790 3701

Fax: +62 21 5790 3702

Email: corporate.secretary@sep.co.id