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Pertamina projected 39% profit on 2008

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in 2008, stated-owned oil and gas company, PT Pertamina was projected 39 percent to increase their profits.  It’s mean that the company must be raise their net profits from Rp. 24.5 trillion on the last year (2007) become to Rp. 34 trillion or equivalent with US$ 3.68 billion. 

With current condition by rising oil prices, Pertamina optimis that the projected will be realize. Pertamina also made cost-cutting measures in the procurement of fuel and crude oil to boost its net profit. 

On 2006, Pertamina was able to book Rp. 24.5 trillion in profit, up to 29 percent from 18.99 trillion in 2006 or about 45 percent of 2007 profits will be paid to the government as a dividend (www.thejakartapost.com).   

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