Insider Stories: 
Coal mining contractor PT Petrosea Tbk, subsidiary of coal miner PT Indika Energy Tbk, posted net loss of US$6.14 million at the end of third quarter this year due to provision of bad receivables and forex loss. In comparison, Petrosea's bottom line still in blue at the end of September last year of US$7.34 million.
Coal mining contractor PT Petrosea Tbk, subsidiary of coal miner PT Indika Energy Tbk, posted net loss of US$6.14 million at the end of third quarter this year due to provision of bad receivables and forex loss. In comparison, Petrosea's bottom line still in blue at the end of September last year of US$7.34 million.Petrosea, which was acquired by Indika during the second quarter 2009, suffered revenue drop of 18.60% at the end of September 2009 of US$131.86 million compared to the same period last year of US$162 million.
But, it remained in positif growth by making steep jump on its operating profit by 205.51% from a year before of US$10.53 million to US$32.17 million during periode ended September this year. Thank to a sharp drop of cost of goods sold by 35% from US$135.68 million at the end of September last year to US$88.14 million this year.
0 comments:
Post a Comment