Oil and gas companies mostly reported strong performance in the first nine months of 2023. Energi Mega Persada (ENRG), controlled by Bakrie Group, however, reported a modest 3.52% growth in net profit. It booked net profit of US$45.69 million, equivalent to Rp707.68 billion, in the first nine month (9M) to September of 2023, grew 3.52% year on year (y/y), helped by lower income tax expenses. To subscribe please click here
