Oil and gas firm Energi Mega Persada (ENRG), a member of Bakrie Group, booked a net profit of US$24.5 million in 2019, against loss of US$8.6 million in 2018, supported by sales growth and lower cost of goods sold. Medco’s sales grew 22.3% to US$334 million from the previous US$273 million, while the cost of goods sold declined 10% to US$176.7 million.
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