AKRA Reports 102% YOY Increase in 9M 2011 Core Net Profit to Rp 456 Billion on record breaking Petroleum sales. Net Profit 9M 2011 including extraordinary item Rp 2,139 billion

AKRA Reports 102% YOY Increase in 9M 2011 Core Net Profit to Rp 456 Billion on record breaking Petroleum sales. Net Profit 9M 2011 including extraordinary item Rp 2,139 billion

JAKARTA, October 24, 2011 - PT AKR Corporindo, Tbk. (AKRA IJ), Indonesia’s leading Energy logistics company reported increase of 102% in net profit prior to extraordinary items of Rp 456 billion for the 9 months ended September 30, 2011 compared to Rp 225 billion during the same period during the previous year. The Company in its filings reported a Net Profit after tax of Rp 2,139 billion attributable to the Owners of Parent Entity including extraordinary profit of Rp 1,683 billion arising from sale of its investments in PT Sorini Agro Asia Corporindo Tbk., which was completed in January 2011.

AKRA which is the leading distributor of Refined Petroleum products ( High Speed Diesel, Fuel Oil and Gasoline) to mining, power sector, industrial and commercial establishments announced record breaking sales revenue in Petroleum distribution during the 9M 2011 of Rp 11,501 billion,  124% higher than Rp 5,138 billion during the same period last year. Increasing  demand for High Speed diesel from mining companies and increased market penetration in Eastern Indonesia enabled AKR to increase sales volumes in Indonesia. Overall  Consolidated Total revenue during the nine months ended Sep 30, 2011 rose 69% to Rp 14,383 billion compared to Rp 8,538 billion in the same period last year.