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INDONESIAN DRILLER APEXINDO POSTS STRONG INCOME GROWTH.(Financial report)

AsiaPulse News

| August 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

JAKARTA, Aug 1 Asia Pulse - Publicly listed oil and gas drilling company PT Apexindo Pratama Duta (JSX:APEX) reported a 41.7 per cent increase in income to US$115.9 million in the first half of this year from US$81.8 million in the same period last year.

Apexindo Director Agustinus Lomboan said offshore operations contributed more to the income accounting for US$80.6 million up from US$51.2 million.

The company has drilling contracts with oil companies -- Total ...

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