State-owned Perusahaan Gas Negara (PGAS) reported a 61.3% drop in net profit, to US$82.7 million in the first half (H1) of 2019, compared to US$213 million in the corresponding period of 2018, due to lower revenues and lower operating profit. Profit attributable to owners fell 70% to US$54 million from the previous US$179 million. Revenues fell 6.7% to US$1.79 billion from the previous US$1.92 billion while operating profit fell 26.7% to US$252 million from the previous US$344 million.
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