JAKARTA (Yosefardi) – State plantation firm PT Perkebunan Nusantara (PTPN) IV booked net profit of Rp430.75 billion in 2013, dropped 38% from Rp695.66 billion in 2012.
Sales was flat at Rp5.34 trillion, compared to Rp5.42 trillion in previous year while cost of goods sold increased 7.7% to Rp3.18 trillion from earlier Rp2.95 trillion.
Other expenses also rose to Rp165.93 billion from previous Rp130.88 billion. Then operating profit fell 24.3% to Rp870.18 billion from Rp1.15 trillion in first quarter of 2013.
Its assets reached Rp9.96 trillion while liability amounted Rp5.3 trillion. The company has cash and cash equivalent of Rp1.28 trillion.