September 29, 2016 4:10 PM ET

Oil, Gas and Consumable Fuels

Company Overview of PT Indika Energy Tbk

Company Overview

PT. Indika Energy Tbk operates as an integrated energy company in Indonesia. The Energy Resources segment is involved in the production of coal. This segment holds coal mine concession sites located in Paser, Kutai Kartanegara, and Kutai Timur regencies in East Kalimantan, as well as in Central Kalimantan. The Energy Services segment provides engineering, procurement, and construction services; operations and maintenance services, as well as contract mining services; and logistics services. The Energy Infrastructure operates 660 megawatt power generation plant in Cirebon, West Java. The company is also involved in sea logistics and transshipment activities; investment activities; coal and mi...

Mitra Building

7th Floor

Jl. Jendral Gatot Subroto Kav. 21

Jakarta,  12930

Indonesia

Founded in 1973

4,397 Employees

Key Executives for PT Indika Energy Tbk

PT Indika Energy Tbk does not have any Key Executives recorded.

PT Indika Energy Tbk Key Developments

PT Indika Energy TBK To Be Deleted From Other OTC

PT Indika Energy TBK’s shares (Indonesia) will be deleted from Other OTC, effective August 30, 2016. The deletion was due to inactive security.

PT Indika Energy Tbk. Announces Unaudited Consolidated Financial Results for the Six Months Ended June 30, 2016

PT Indika Energy Tbk. announced unaudited consolidated financial results for the six months ended June 30, 2016. For the six months, the company reported total revenues of USD 356.6 million against USD 618.3 million a year ago. Operating loss was USD 17.6 million against operating profit of USD 10.1 million a year ago. Loss before tax was USD 34.8 million against USD 11.1 million a year ago. Loss for the period was USD 31.2 million against USD 10.2 million a year ago. Loss attributable to owners of the company was USD 22.5 million against USD 7.9 million a year ago. Adjusted EBITDA was USD 64.9 million against USD 85.5 million a year ago. Revenues decreased 42.3% year-over-year from the six months of 2015 due mainly to lower revenues contribution from Tripatra, Petrosea, MBSS and coal trading. Capex realization for the period ended June 30, 2016 was USD 7.6 million. Total net interest bearing debt was USD 911.2 million as on June 30, 2016, compared with USD 1,125.6 million as on June 30, 2015.

PT Indika Energy Tbk Reports Audited Consolidated Financial Statements for the Full Year Ended December 31, 2015

PT Indika Energy Tbk reported audited consolidated financial statements for the full year ended December 31, 2015. For the year, the company reported total revenues of $1,097.3 million against $1,109.5 million a year ago, mainly due to lower revenue contribution from Petrosea and MBSS. Operating profit was $15.4 million against operating loss of $28.8 million a year ago. Loss before tax was $87.9 million against $18.3 million a year ago. Loss attributable to owners of the company was $44.6 million against $27.6 million a year ago. LPS was $0.009 against $0.005 a year ago. Capex spending was $58.7 million in 2015.

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Recent Private Companies Transactions

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