"The increase in net profit was related to a rise in gross profit which reached 20 percent to Rp217.42 billion from the same period last year," PT Elnusa Tbk Corporate Secretary Heru Samodra said here on Thursday.
The profit resulted from operating income which reached Rp2.15 trillion in the first semester of 2011, including integrated upstream oil and gas service group, Elnusa`s core business, which contributed Rp845.86 billion or 39 percent of the operating income.
Meanwhile, downstream oil and gas service group contributed Rp1.15 trillion or 53 percent of the operating income, and supporting upstream oil and gas service group Rp184.99 billion or 8 percent of the operating income.
"We continue to make many improvements in relation to a delay in the realization of several projects in the seismic business," he said.
Yet, geoscience service still took the lead, contributing 48 percent of the operating income in the upstream oil and gas service, particularly fueled by land seismic acquisition business and marine seismic and transition zone business, he said.
"The company is determined to focus its strategy on upstream oil and gas service, efficient and effective service and sustainable efforts to grab long-term contracts," he said.
In the first semester of 2011, Elnusa again won contracts from leading clients, including Pertamina, Chevron, and Total E&P Indonesie, he said. (*)
Editor: Kunto Wibisono
Copyright © ANTARA 2011
