JAKARTA (Indonesia Today) – Power plant construction firm PT Truba Alam Manunggal Engineering Tbk (TRUB) suffered loss of Rp51.67 billion in the first half ended June of 2013, compared to profit Rp20.65 billion in the same period of 2012.
Revenue increased 13.6% to Rp789 billion from previous Rp692.91 billion. Cost of revenue totaled Rp711.56 billion then gross profit was Rp75.38 billion. Financial charges totaled Rp63.99 billion.
TRUB was awarded contracts by PT Chevron Pasific Indonesia (Rp139 billion), PT Indocement Tunggal Perkasa (Rp114 billion), Shanghai Electric (Rp113 billion), and PT Vale Indonesia (Rp30.8 billion).
As of June 2013, its assets totaled Rp2.78 trillion while liability amounted Rp2.34 trillion. (hans@theindonesiatoday.com)