JAKARTA (Yosefardi) – PT Electronic City Indonesia Tbk (ECII) booked net profit of Rp60.36 billion in first half of this year, declined 22% from Rp77.5 billion in the same period of last year.
Revenues grew by 15% to Rp1.01 trillion from previous Rp875.49 billion. Cost of goods sold also rose 15% to Rp810 billion. Operating expenses jumped 86.7% to Rp155.67 billion.
Its assets totaled Rp1.93 trillion while liability amounted Rp183.47 billion. It has cash and cash equivalent of Rp723.56 billion.
ECII allocates capital expenditure (capex) of Rp850 billion for this year and next year, funded by internal cash, to fund 20 new outlets project.