Medco profit only slightly increased

In contrast to other oil and gas companies, PT Medco Energi International Tbk booked almost unmoved profit at US$74.7 million last year against US$73.8 million in 2004.
According to its financial report published today, Medco recorded significant increase in sales from US$550 million to US$620 million and operating profit of US$239 million (against US$179 million in 2004), but the company booked US$34 million losses in swap transaction and significant increase in interest payment (US$48 million against US$37 million).

Medco has total asset of US$1.54 billion by the end of 2005.

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