JAKARTA (Yosefardi) – Mining contractor PT Samindo Resources Tbk (MYOH) booked net profit of US$6.82 million in the first quarter of 2015, declined 6.9% from US$7.36 million in the same period of 2014.
Revenues also declined 11% to US$55.9 million from previous US$63.27 million. Cost of revenues also fell 13.4% to US$44.9 million from earlier US$52.46 million. Then gross profit increased 10% to US$11 million from US$10.8 million a previous year.
However the company booked foreign exchange (forex) loss of US$633,710 against forex gain of US$975,945 in the first quarter of 2014.
As of March 31, 2015, MYOH’s assets reached US$159.53 million while liability amounted US$74.47 million.