PT Citra Tubindo Tbk Reports Earnings Results for the Full Year Ended December 31, 2022

PT Citra Tubindo Tbk is an Indonesia-based company, which is engaged in the manufacturing of oil country tubular goods and supporting services for oil and gas industry as well as mining industry. The Company operates through three segments: Pipe Processing, Transportation Services and Others, and Technical Support. Pipe Processing segment offers pipe threading and services, heat treatment facility, and testing and inspection facility. Transportation Services and Others segment offers port management and logistics services. Technical Support segment is engaged in providing suggestions to consumers on the type of thread and material that is suitable for use according to certain oil/gas well conditions and working with thread license owners to supervise when inserting pipes into the well so that the pipe can work optimally according to the plan. It also exports its products to Europe, United States, Australia, the Middle East, Brazil, and other countries in Africa and Asia.