AKRA Reports 95% Increase in H1?011 Core Net Profit to Rp 274 Billion and Announces a Second Interim Dividend for Financial Year 2011 of Rp 200 per Share

 AKRA Reports 95% Increase in H1’2011 Core Net Profit to Rp 274 Billion and Announces a Second Interim Dividend for Financial Year 2011 of Rp 200 per Share

JAKARTA, July 25, 2011 - PT AKR Corporindo, Tbk. (AKRA IJ), Indonesia’s leading energy logistics company reported net profit of Rp 1,958 billion in the period ended June 30, 2011, up 1,291% from Rp 141 billion in the same period last year.

Core Net Profit (without extraordinary profit booked from the divestment of PT Sorini Agro Asia Corporindo, Tbk) went up 95% nearly double to Rp 274 billion during H1’2011 compared to only Rp 141 billion during H1’2010.

The strong net profit growth was mainly driven by impressive petroleum sales especially to the mining sectors in the eastern part of Indonesia. Total revenue during the period ended Jun 30, 2011 rose 74% to Rp 9,061 billion compared to Rp 5,221 billion in the same period last year.