Aug 2, 2011

Kertas Basuki 1H revenue plunges 89%

PT Kertas Basuki Rachmat Indonesia Tbk (KBRI) reported a 89.20 plunge in operating revenue for the first 6 months of this year.
KBRI booked Rp4.29 billion in operating revenue in 1H 2011 from Rp39.73 billion in 1H 2010. As a result, the company suffered Rp1.51 billion gross loss from operating profit of Rp2.08 billion. The company's net loss was Rp6.67 billion, a 111.27% plunge from Rp59.19 billion net profit.

Disclosure: No position at the stock mentioned above.

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