REPUBLIKA.CO.ID, JAKARTA - Publicly-listed oil drilling service provider, PT Elnusa recorded a net profit growth of 238.06 billion IDR. Net profit of oil and gas grew 86 percent compared to 2012. Vice President of Corporate Finance in Elnusa, Nurkholis said that company's net profit far exceeded the initial target.

"Initially we sought 138 billion IDR instead," Nurkholis said on Monday.

The net profit was driven by selective and aggressive strategy run by company throughout 2013. Elnusa maintained its performance by encouraging businesses with high margins, such as drilling and oilfield services (DOS). DOS growth reached 33 percent, while it reduced serving businesses. The strategy slightly decreased 4.1 trillion IDR or 14 percent in this sector. Company's debt reduced from 965 billion IDR to 764 billion IDR.

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