Elnusa Waits On Approval for IPO The Jakarta Post, page 13, 2006-09-06
PT Elnusa may soon offer up to 20 percent of its stake to the public. The plan to go public is part of the company’s strategic target to become a better-managed business entity, which could eventually improve performance. The firm is targeting to boost its annual revenue to Rp.6 trillion by 2009. This year, the company is aiming to book total revenue of Rp.1.7 trillion, with an estimated profit of Rp100 billion. So far this year, the company’s revenue has reached around Rp.1.3 to Rp.1.5 trillion.
Elnusa signed a memorandum of understanding in May to construct a $4 billion refinery with the production capacity of 300,000 barrels of oil per day (bpd) in Java.
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Elnusa Tbk., PT
Indonesia Company Report
Last Update 21-February-2013
Major Businessline : Holding company, oil and gas mining