JAKARTA (Yosefardi) – PT Inovisi Infracom Tbk (INVS) has not entered into exploration activity of coal as coal market is still on the bearih with low demand. The company only acts as agent for coal sales.
PT Goldchild Integritas Abadi, INVS’ subsidiary, still holds on Rp291.47 billion fund allocation for the coal exploration. INVS acquired Goldchild, coal concession holder, in 2011.
INVS booked net profit of Rp229.6 billion in first nine months of 2014 on revenues of Rp1.4 trillion. Compared to the same period of 2013, revenue grew by 17.6% while net profit declined 14%. Its assets totaled Rp4.9 trillion while liability amounted Rp1.25 trillion.