JAKARTA (Yosefardi) – Tire manufacturer PT Goodyear Indonesia Tbk (GDYR) suffered loss of US$205,864 in the first quarter of 2015, compared to profit US$392,843 in the same period of 2014.
Net sales increased to US$41.8 million from previous US$40.6 million while cost of sales also rose to US$37.9 million from earlier US$36.7 million.
Domestic sales declined 16.7% to US$19.88 million while export sales rose 37% to US$22 million.
GDYR’s assets reached US$124.4 million while liability amounted US$66.7 million. It has cash and cash equivalent of US$8.94 million.