JAKARTA (Yosefardi) – PT Borneo Lumbung Energi & Metal Tbk (BORN) suffered loss of US$111 million in first half of this year, compared to profit US$39.04 million in the same period of last year.
Net sales dropped 52% to US$153.5 million from previous US$320.8 million. Cost of goods sold reached US$151.4 million, then gross profit was US$2.13 million, compared to US$128.18 million in first half of 2012.
Its assets totaled US$1.84 billion while liability amounted US$1.61 billion.
BORN shares fell 2% to Rp245 this morning, with over 16 million shares exchanged hands.