JAKARTA (Yosefardi) – PT Asia Pacific Fibers Tbk (POLY) booked net loss of US$529,022 in the first quarter of 2015, significantly improved from loss US$19.97 million in the same period of 2014.
Revenue declined 22% to US$103 million from previous US$132 million. Gross profit was US$1.8 million against loss US$2.1 million in the first quarter of 2014.
Domestic sales dropped 21% to US$83.8 million from previous US$107 million and export sales fell 21% to US$18.8 million from earlier US$23.8 million.
POLY’s assets was US$260 million while liability amounted US$1.17 billion. It has cash of US$3.7 million.