PGEO – Profit increased 28.47% yoy in 2023

PGEO – Profit increased 28.47% yoy in 2023 Pertamina Geothermal Energy (PGEO) posted revenue of IDR6.29 tn (+5.24% yoy) and net profit of IDR2.53 tn (+28.47% yoy) in 2023. PGEO' higher revenue in 2023 was due to the sale of electric steam to Indonesia Power from the Kamojang Well (USD 67.23 mn) and the sale of electric steam to PLN sourced from Ulubelu, Lahendonh, Kamojang, Lumut Balai and Karaha Well (USD 312.22 mn). (Source : Bisnis Indonesia)