PT Barito Pacific Tbk (BRPT) plunged into a net loss of Rp558.63 billion last year, a reversal from net income of Rp560.96 billion in the previous year on the back of higher cost of goods revenue.
Barito booked higher financial charges of 85.87% to Rp492.81 billion from Rp265.14 billion. Barito, a parent company of Indonesian tycoon Prajogo Pangestu, book an operating income of Rp575.82 billion, reflecting a 48.12% drop from Rp1.11 trillion.
Gross profit also fell 30.86% to Rp1.12 trillion from Rp1.62 trillion. Revenue slightly increased 17.93% to Rp16.97 trillion from Rp14.39 trillion.
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Disclosure: No position at the stock mentioned above.
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