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Surya Esa's revenue increases by 333.23%

04 April 2019 05:49 AM  Company: PT. Surya Esa Perkasa Tbk[ESSA]
Rp. 280  -8 (-2.78%)

JAKARTA - The revenue of PT Surya Esa Perkasa Tbk (ESSA) skyrocketed to US$ 148 million in 2018. In 2017, the company generated US$ 33.70 million in revenue. The increase was mainly due to the sales revenue of ammonia, which was recorded at US$ 98.74 million.

Based on the company's financial statements, the increase in the company's revenue also helped to support the profit growth of the company, which was recorded at US$ 52.11 million. In 2017, the company's profit was recorded at US$ 2.19 million. Aside from the aforementioned ammonia, sales revenue of LPG also increased from US$ 33.70 million in 2017 to US$ 41.14 million.

The company's cost of revenue was recorded at US$ 84.94 million, up from US$ 17.50 million. Its gross profit was recorded at US$ 63.04 million, higher than US$ 16.19 million recorded in 2017. Its pre-tax profit was recorded at US$ 24.42 million, up from US$ 4.25 million. (LK/AR)