JAKARTA (Yosefardi) – PT Jaya Agra Wattie Tbk (JAWA) only booked net profit of Rp637 million in first nine months of 2015, dropped 991% from Rp74.9 billion in the same period of 2014.
Net sales declined 22% to Rp482.6 billion from previous Rp621 billion while cost of goods sold fell 18% to Rp368.6 billion from earlier Rp449.4 billion.
Other operating expenses also jumped 61% to Rp66.74 billion from Rp40.8 billion a previous year. Then the company only booked gross profit of Rp9.48 billion, compared to Rp94.7 billion a year earlier.
JAWA’s assets reached Rp3.38 trillion while liability amounted Rp2.07 trillion.