JAKARTA (Yosefardi) – PT Voksel Electric Tbk (VOKS) suffered loss of Rp17.5 billion in the first quarter of 2015, narrowed from Rp24.5 billion loss in the same period of 2014.
Revenues dropped 43.3% to Rp343.66 billion from previous Rp605.32 billion. Cost of goods sold also dropped 49.8% to Rp299 billion from earlier Rp596 billion.
But the company booked foreign exchange (forex) loss of Rp33.1 billion, against forex gain of Rp28.4 billion in the first quarter of 2014. Therefore operating profit dropped 69% to Rp66.4 billion from previous Rp39 billion.
VOKS’ assets reached Rp1.55 trillion while liability amounted Rp1.06 trillion.