Two oil and gas companies, PT Energi Mega Persada (ENRG) Tbk and PT Medco Energi Internasional (MEDC) Tbk, have released their 2011 results. ENRG, controlled by Bakrie Group, reported net profit of Rp252.7 billion against loss of Rp257 billion in 2010. MEDC, controlled by Panigoro family, booked net profit of US$89.2 million, flat from 2010.
To subscribe please click here