PT Barito Pacific Tbk Reports Earnings Results for the Nine Months Ended September 30, 2023
November 01, 2023 at 01:56 am EDT
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PT Barito Pacific Tbk reported earnings results for the nine months ended September 30, 2023. For the nine months, the company reported sales was USD 2,112.37 million compared to USD 2,377.11 million a year ago. Net income was USD 35.85 million compared to USD 11.3 million a year ago.
Basic earnings per share from continuing operations was USD 0.00038 compared to USD 0.0001 a year ago.
PT Barito Pacific Tbk is an Indonesia-based integrated energy company. The Company is focused on business in the petrochemical and energy sectors. The Company's segments include petrochemical, building and hotel management (property), energy and resources, and others. It produces a number of products and services, raw materials for the plastic industry in the upstream sector, such as ethylene, propylene, py-gas, and mixed C-4, and the downstream sector, such as polyethylene, polypropylene, styrene monomer, butadiene, methyl tert-butyl ether and butene-1. It has three operating geothermal assets with a total installed capacity of approximately 885 megawatts. The Company, through its subsidiary, PT Griya Idola, manages property assets, such as the Wisma Barito Pacific and Wisma Barito Pacific II located in Slipi, West Jakarta. The Company's other businesses include logistics and glue production used for particleboard, and minority shares in Madura Offshore.