AKRA Q 1 2012 Core Net Income up 33% YOY ?Sales Revenue Rp 5,140 Billion; Net Profit after tax Rp 160.4 billion

JAKARTA, April 26, 2012 - PT AKR Corporindo, Tbk. (Bloomberg: AKRA IJ), Indonesia’s leading integrated supply chain solutions provider and largest private sector distributor of petroleum and basic chemicals reported 33% increase in Core Net Income attributable to the equity holders of the company of Rp 160.4 billion for the three months ended March 31, 2012 (3M’12) compared to Rp 121 billion during the same period during the previous year.

Sales revenue from the continuing operations grew 18% to Rp 5,140 billion during the 3M’ 12 against Rp 4,353 billion during 3M’ 11. Gross Profit during the 3M 2012 grew by 30% to Rp 285 billion while the Operating profit increased 62.3% to Rp 197 billion during the first quarter of 2012.

During the first quarter of 2011, the company recorded net gain/ income from the sale of its manufacturing subsidiary, PT Sorini Agro Asia Corporindo Tbk., of Rp 1,690 billion which is reflected in the Net profit attributable to the Equity holders of the company for the 3 months ended 31^st March 2011 of Rp 1,810.9 billion.