JAKARTA (Indonesia Today) – Power plant construction firm PT Truba Alam Manunggal Engineering Tbk (TRUB) booked net profit of Rp20.65 billion in the first half of 2012, compared to loss Rp11.82 billion in the same period of 2011.
Revenue however dropped 43.8% to Rp692.91 billion from Rp1.23 trillion in first half of 2011. Cost of revenue totaled Rp608.19 billion then grossp profit was Rp84.72 billion.
Operating expense and interest and financial charges declined, helping the company turned to profit.
As of June 2012, its assets totaled Rp3.64 trillion while liability amounted Rp2.31 trillion. (hans@theindonesiatoday.com)