Oil and gas firm Energi Mega Persada (ENRG), owned by Bakrie Group, booked a net profit of US$53.66 million in 2020, jumped 91.6% year on year (y/y|), thanks to a significant drop in impairment loss. Its revenues fell 2.8% y/y to US$324.9 million. Gross profit declined 18.8% to US$128 million, and operating profit fell 21% to US$ 111.6 million. ENRG’s EBITDA grew 17% to US$233.7 million from US$200.37 million in 2019.

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