JAKARTA (Yosefardi) – Bottled water producer PT Tri Banyan Tirta Tbk (ALTO) recorded revenues of Rp184.86 billion in first half of 2014, grew by 47% from Rp125.41 billion in the same period of last year.
Cost of goods sold also rose 9.2% to Rp107.49 billion. Operating expenses jumped 88% to Rp32.64 billion. Financial charges also skyrocketed 450% to Rp22.6 billion.
Then net profit declined 13% to Rp8.42 billion from Rp9.71 billion in first half of 2014.
Its assets totaled Rp1.3 trillion while liability amounted Rp755 billion.