Oil and gas infrastructure provider PT Elnusa Tbk (ELSA) is targeting a 37% increase in revenue next year to Rp5.5 trillion from estimated this year of Rp4.02 trillion.
To reach the target, Elnusa will be dependent on upstream integrated oil and gas segment. The company expects to grab Rp3.59 trillion or a 50% increase of this year's contribution of Rp2.39 trillion.
"The revenue coming from integrated upstream oil and gas consists of geoscience services, drilling, and oilfield," said Elnusa VP Investor Relations Heru Samodra said, as reported by a local media today.
Disclosure: No position at the stock mentioned above.
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