JAKARTA (Yosefardi) – PT Citra Tubindo Tbk (CTBN) booked net profit of US$11 million in the first half of 2014, declined 15.4% from US$13 million in the same period of 2013.
Revenues also fell 15.1% to US$79 million from previous US$93 million. Operating profit declined 11.8% to US$15 million from earlier US$17 million.
Its assets rose 3.3% to US$283 million while liability jumped 22.8% to US$283 million. CTBN produces pipes for oil and gas industry.