Jan 23, 2012

Energi Mega scouts Rp3.6 trio revenue

Oil and gas producer PT Energi Mega Persada Tbk (ENRG) is scouting more than Rp3.6 trillion revenue, two folds from last year figure of Rp1.8 trillion. 
"Earning before interest, tax, depreciation, and amortization [EBITDA] might be US$250 million next year," said Energi Mega President Director Imam Pria Agustino as quoted by Kontan daily on Satruday.
The targeted EBITDA is a steep jump from US$85 million in 2011. The company plans to allocate US$158 million capital expenditure this year.
 
Disclosure: No position at the stock mentioned above.

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