Medco?s 2009 net profit fell
Tuesday, March 30 2010 - 02:34 AM WIB
IDX-listed energy firm PT Medco Energi Intenasional Tbk. reported Monday a net profit of US$19.2 million in 2009, a significant drop from the previous year's profit of $280.2 million.
Medco?s oil output fell to 35,000 barrels per day (bpd) in 2009 from 45,000 bpd in the previous year, the company said. Gas output also declined to 104.3 billion British thermal units (Btu) a day from 108.1 billion Btu in 2008. (godang)