Petrindo Jaya (CUAN) Changes Financial Statements to US Dollar Currency

LISTED COMPANY - JAKARTA. JAKARTA. PT Petrindo Jaya Kreasi Tbk, a publicly traded company in Indonesia, has announced a significant change in its financial reporting practices. The company will switch from using the Indonesian rupiah to the U.S. dollar in its financial statements. This change is due to the completion of the acquisition of two significant subsidiaries by the end of 2023.

The acquired subsidiaries are PT Petrosea Tbk and PT Multi Tambangjaya Utama (MUTU). These two entities will be consolidated into the financial report in March 2024.