Elnusa Records Net Profit of Rp 551 Billion in Q3 2024, What is Its Business Strategy for Next Year?

1 month ago 22

December 6, 2024 | 06:59 am

TEMPO.CO, JakartaPT Elnusa Tbk (ELSA) is optimistic about closing 2024 with positive performance. Up to the third quarter of this year, a subsidiary of PT Pertamina Hulu Energi (PHE) has booked a net profit of Rp 551 billion, a 35 percent increase compared to the same period in 2023. Their previous net profit was Rp 407 billion.

Elnusa's Corporate Communication Manager, Jayanty Oktavia Maulina, said the entity recorded a net profit of Rp 503 billion at the end of 2023. This figure was previously considered a record since Elnusa went public on the stock exchange in 2008. The record was broken again in the third quarter of this year.

"Elnusa is ready to face challenges and seize opportunities next year," said Jayanty, quoted from the information disclosure on the Indonesia Stock Exchange (BEI) website on Thursday, December 6, 2024.

According to Jayanty, Elnusa's business services such as upstream oil and gas services, energy distribution and logistics, and support services are showing consistent growth. PHE's subsidiary claims to have successfully maintained and managed strategic assets. Management adaptation to technology also supports business performance.

She continued that, looking towards 2025, Elnusa is preparing a series of business strategies to maintain growth momentum. Jayanty mentioned that the plan includes developing new partnerships to expand the market and enhance the company's competitiveness. Elnusa is also developing flagship services, namely energy logistics distribution services and upstream oil and gas services.

Jayanty ensured that the company is also exploring new funding opportunities. "Appropriate investments," she said.

Elnusa's subsidiary, PT Elnusa Trans Samudera (ETSA), recently announced a new investment: adding ships to its business portfolio.

In a quote from Antara on Thursday, December 5, 2024, Bachtiar Soeria Atmadja, president director of Elnusa, mentioned that the investment ensures the sustainability of the company's operations and strengthens expansion in the oil and gas support services sector.

"We hope this cooperation runs according to the set timeline," he said.

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