MedcoEnergi Announces First Quarter 2019 Results
(WorldNews Indonesia)

Summary Results Financial Gross Profit US$172.3 million, 14.2% higher year-on-year. EBITDA US$159.5 million, 8.2% higher year-on-year. Net Income US$28.1 million, 29.7% higher year-on-year. Annualized Net Debt to EBITDA 3.1x[1]. Strong liquidity with cash and cash equivalents above US$540 million. Operational Oil and gas production 90.5 MBOEPD and above guidance. Medco Power Indonesia sales of 624 GWh, 5.2% higher year-on-year and in line with guidance. Oil and gas unit costs...