JAKARTA (Yosefardi) Truba Alam Manunggal Engineering Tbk (TRUB) suffered loss of Rp232.7 billion in first nine months of 2014, widened from loss Rp122.2 billion in the same period of 2013.
Revenue fell 20% to Rp957.67 billion from previous Rp1.19 trillion. Industrial building segment contributed revenue of Rp45.89 billion, pipe & tank Rp228.56 billion, maintenance services Rp129.35 billion, trading Rp71.8 billion, and construction services for electricity power contributed revenue of Rp83.3 billion.
Contracts from PT Chevron Pasific Indonesia reached Rp228.56 billion, ThyssenKrupp Polysius Ind Rp145.65 billion, PT Holcim Indonesia Rp61.3 billion, Unilever Oleo Rp57 billion, PT Energi Sejahtera Mas Rp55.5 billion, PT Nusa Tambang Pratama Rp53.8 billion, and PT Indocement Tunggal Prakasa Rp21 billion.
Cost of revenue reached Rp952.15 billion, then gross profit was only Rp5.5 billion compared to Rp120.5 billion in first nine months of 2013.
TRUB also recorded operating expenses of Rp80.76 billion, loss in foreign exchange of Rp28.17 billion, and financial & interest expenses of Rp90.7 billion.
As at September 2014, TRUB’s assets reached Rp2.64 trillion while liability totaled Rp3.06 trillion.