Elnusa records performance improvement in the middle of 2012. Some highlights are:

1. Compare to Q2-2011 which was only IDR43.1 billion, the Net profit worth as Rp48.3 billion or increase 12% for Q2-2012. This is positive performance as a recall in the end of 2012 Elnusa’s lost IDR43.0 billion. In addition, net profit margin increases 2.1%.
2. Gross profit significantly rise 26% worth as IDR272.9 billion, better than 2011 period (IDR217.4 billion). It is encouraged by strong performance operation from operating revenue 6% or increase from IDR2.1 trillion to 2.2 trillion and improvement of 90% CoGS in first quarter 2011 even more 94% on December 2012 succeeded decrease to 88% than operating revenue. Thus, gross profit margin recorded 12%.
3. Operation cash flow significantly growth from negative IDR200 billion (Q2 – 2012) to positive IDR240.5 billion in first semester 2012, caused by improvement of collection period from Elnusa’s clients, lower restructuring cost and funding and selective upstream client selection.

In billion IDR, exclude net profit per share

Source: Financial Report ELSA 2nd Quarter, 2012
“The Internal consolidation and management improvement program that has been started since mid last-year has shown a positive outlook. Nowadays, Elnusa is trying to stabilize its achievements, alike we also prepare the value creation for the further growth. We also ready for the strategic actions to develop Elnusa as Services Company. This positive indication gains Elnusa’s optimism to achieve this year target”. Sabam Hutajulu Revealed.