PGEO — A 3.77% yoy higher earnings, despite with lower 1H24 revenue

PGEO — A 3.77% yoy higher earnings, despite with lower 1H24 revenue Pertamina Geothermal Energy (PGEO) recorded a slight increase in net profit to USD96.27 mn (+3.77% yoy) despite a drop in revenue to USD203.76 mn (-1.43% yoy) in 1H24. Financial income surged to USD19.91 mn (+160.94% yoy), leading to an operating profit of USD149.55 mn. Additionally, financial and income tax expenses decreased in 1H24. (Source: Kontan)