JAKARTA - Independent Director of liquefied petroleum gas producers, PT Surya Esa Perkasa Tbk (ESSA) reported on the company's third quarter performance at Indonesia Stock Exchange's Investor Summit in Jakarta during a public expose.
He siad, "Decrease of the global energy market has impacted to profitability to our market."
According to him, net profit of Surya Esa Perkasa fell over half comparing this year's figure of US$4.8 million to last year's US$10 million.
The company's gross profit reached US$12.7 million, which decreased 40% yoy. Cost of Goods Sold increased slightly over 60% yoy to US$171.7 million.
Revenue up until September 2015 was recorded at US$30 million, 6.7% lower compared to last year's figure over the same period.