Pertamina Lubricants books Rp 1.89t net profit

Lubricants producer PT Pertamina Lubricants, a subsidiary of state-owned oil and gas firm PT Pertamina, said that it booked a net profit of Rp 1.89 trillion last year, two percent higher than target.

This was revealed by Pertamina Lubricants President Director Aniek Makaryani following the company?s shareholders meeting earlier this month.

The entire net profit was converted into dividend. ?This means that the shareholders are confident that PT Pertamina Lubricants can grow well and achieve good performance without having to get additional capital reserves from the 2015 results,? Aniek said in a statement seen Saturday. No further details were provided.

Editing by Reiner Simanjuntak