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EMP Recorded Lower Sales YoY but Explains Plan for Growth in 2019

Jakarta, 31 October 2018 PT Energi Mega Persada Tbk. (“EMP” or “the Company”) today announced its 1H 2018 financial results. The Company recorded lower sales due to the lower gas utilization by the end users. However, such gas usage is expected to rise toward end of the year as the Gas Sales & Purchase Agreement are on...
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Energi Mega Persada Report Its 1Q 2018 Financial Results

PT Energi Mega Persada Tbk. (“EMP” or “the Company”) today reported that it has submitted its 1Q 2018 financial results to the Indonesia Stock Exchange and the Financial Services Authority (Otoritas Jasa Keuangan). EMP reported $66 million Sales, $14 million Operating Profit, and $1 million of Net Profit in the first quarter 2018. The Company...
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EMP Reports Profitable Operation During Full Year 2017 Financial Results

PT Energi Mega Persada Tbk. (“EMP” or “the Company”) reports its audited full year 2017 financial results. Despite the 40% Sales decrease, the Company manages to book $120 million Operating Profit and $24.4 million Net Profit. Mr. Syailendra Bakrie, the Company’s Deputy CEO, explained,”The sales drop was due to the fact that we no longer...
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EMP’s subsidiary signed Gas Sales & Purchase Agreement to increase gas output by 50 million cubic feet per day from its Bentu PSC Block in Riau, Sumatera

PT Energi Mega Persada Tbk. (**the Company” or “EMP”) today PT Energi Mega Persada Tbk. (“Perusahaan” atau “EMP”) announced that its subsidiary, EMP Bentu Limited, has signed a Gas Sales Agreement to sell gas output to PT Pertamina (Persero) (“Pertamina”). The agreement was signed on the 19th of January 2018 at the Pertamina’s office in...
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Energi Mega Persada Tbk’s subsidiary considers diversifying into the promising Petrochemical Industry

PT Energi Mega Persada Tbk. (“EMP”) today reported that on the 3rd of February 2018, its subsidiary, PT Energi Mega PTA (“Energi”) signed a Memorandum of Agreement for establishment of a manufacturing facility to produce Purified Terephthalic Acid (“PTA”) with a capacity of 1,600,000 tons annually with two lines (PTA is the main component required...
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