JAKARTA (Indonesia Today) – Heavy equipment and mining contractor PT Intraco Penta (INTA) converts Rp230 billion debt of its subsidiary PT Intraco Penta Prima Servis to equity or shares. Then, INTA now controls 99% of the said subsidiary.
INTA suffered loss of Rp36.5 billion in the first half of 2015, against profit of Rp8.3 billion in the corresponding period of 2014.
It recorded foreign exchange (forex) loss of Rp72.6 billion against forex gain of Rp115.8 billion in first half of 2014.
The revenue also fell 9.9% to Rp744 billion from Rp826.6 billion a previous year. Heavy equipment sales accounted for Rp434.1 billion.