JAKARTA (Yosefardi) – PT Saratoga Investama Sedaya Tbk, controlled by Edwin Soeryadjaya, booked net profit of Rp1.28 trillion in first nine months to September of 2015, grew by 36.7% from Rp934.85 billion in the corresponding period of 2014.
Net revenues declined 27% to Rp3.39 trillion from previous Rp4.65 trillion. But cost of revenues fell 35.6% to Rp2.67 trillion from earlier Rp4.14 trillion. Then gross profit rose 43.8% to Rp729.33 billion from Rp507 billion a year earlier.
The company also recorded foreign exchange (forex) loss of Rp442.96 billion and interest charges of Rp232 billion. It however recorded Rp1.09 trillion gain on dilution of interest in associate.
The company’s assets reached Rp17.77 trillion while liability amounted Rp5.96 trillion. It has cash and cash equivalent of Rp612 billion.