By Arijit Ghosh
Nov. 1 (Bloomberg) -- PT Medco Energi Internasional, Indonesia's biggest publicly traded oil company, said nine-month profit surged on a gain from an asset sale.
Net income rose to $292.6 million in the nine months ended Sept. 30 from $37 million a year earlier, Medco said in a statement to the Indonesia Stock Exchange. Sales rose 52 percent to $972.2 million from $641.4 million. The company said it earned a profit of $246 million from selling a unit.
To contact the reporter on this story: Arijit Ghosh in Jakarta at aghosh@bloomberg.net
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