Gas Negara 2011 Net Profit Drops 5%

PT Perusahaan Gas Negara PPAAY reported a 5% drop in its 2011 net profit. Gas Negara's net profit declined to IDR5.93 trillion, versus IDR6.24 trillion, in the year-earlier period. Gas Negara's net revenue for the period dropped to IDR19.57 trillion from IDR19.77 trillion. Gas Negara shares closed at $20.06 yesterday.