State gas distributor Perusahaan Gas Negara (PGAS) suffered a loss of US$264.8 million in 2020, against a profit of US$67.58 million in 2019 as other expenses widened to US$479 million from US$266 million. In comparison, revenue declined 25% year on year (y/y) to US$2.88 billion. Gross profit fell 30.4% y/y to US$854 million. Operating profit fell 44.5% y/y to US$303.7 million. Ebitda dropped 32.9% y/y to US$697 million.
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