JAKARTA (Yosefardi) – PT Asia Pacific Fibers Tbk (POLY) suffered net loss of US$79.9 million in 2014, expanded from loss US$30 million in 2013.
Revenues grew by 13% to US$497.98 million from previous US$571.75 million. Cost of goods sold also increased 13.5% to US$512 million from earlier US$592.32 million.
Sales of Fibre fell 16% to US$193 million, sales of yarn declined 6.4% to US$191 million, sales of chips dropped 48% to US$15.9 million and sales of fleece dropped 45% to US$6.89 million.
POLY’s assets reached US$274.97 million while liability totaled US$1.18 billion.